0 the arrangements made for giving credit, especially the amount of money, the period of borrowing, etc. --
1 an arrangement for giving credit (= allowing someone to pay for something at a later time), including the length of time allowed for payment, the number of payments, the interest rate, etc.: --
Profits on sales of goods made on extended credit terms should be recognised at the time of the sale.
on credit terms If you sell products on credit terms it can cause cash flow problems.
easy/loose/favourable credit terms Many advertisements don't even mention the full cost, opting instead to offer easy credit terms.
I am, however, not in a position to indicate the credit terms upon which individual orders have been placed.
Often credit terms are a major factor in attracting new shipping business.
We always seek to be as helpful as we can in granting credit terms, but credit terms and assistance are outwith this intervention scheme.
It is not in our interests to give longer credit terms generally so that we stand out of our money for a longer time.
Provisional estimates of these costs for 1999 are presented in the table, as are equivalent bills for customers on standard credit terms.
It would be a pity to have the two competing with each other on the basis of credit terms.
It is the commissioners' policy to pay their suppliers within the agreed credit terms.
The offering of incentive-like discounts, favourable credit terms or any other recognised means of promoting sales, is a normal part of competition.
