Credit terms
Credit terms are statements of the credit period and any discounts offered—for example, 2/10, net 30.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Credit terms. Statements of the credit period and any discounts offered—for example, 2/10, net 30.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
