From Longman Business DictionaryRelated topics:Tradeˈcredit terms[plural]the conditions under which someoneagreesto give acustomercreditThey offer overseas buyers credit terms of as long as 360 days.→term Pictures of the day What are these?
The meaning of TERM is a word or expression that has a precise meaning in some uses or is peculiar to a science, art, profession, or subject. How to use term in a sentence.
The terms which indicate when payment is due for sales made on account (or credit). For example, the credit terms might be 2/10, net 30. This means the amount is due in 30 days; however, if the amount is paid in 10 days a discount of 2% will be permitted. Other terms might be...
4 terms plural : provisions that determine the nature and scope of an agreement : conditions terms of sale liberal credit terms 5terms plural a : mutual relationship : footing on good terms b : agreement, concord come to terms after extensive negotiations ...
laws. The most recent major law on the federal level is theCredit Card Accountability Responsibility and Disclosure Actof 2009, also known as the CARD Act, which amended the Truth in Lending Act. Its provisions include clearer disclosure of credit terms and limits on the fees that lenders can...
“To see if you qualify for a loan, first check your credit, as that can be an important decision-making factor for the lender.” —“What Is A Personal Loan?”Rocket Loans. Retrieved March 15, 2020. Other terms connected with the topic ofcredit ...
Be subject to the terms of the meaning as: conditional on the ⋯ ⋯, ⋯ ⋯. It is a limit on the actual effect of the letter of credit. In this way, after the ready goods of the exporting Party, the importing party may at any time to refuse to comply with payment obligations...
A credit crisis is a breakdown of a financial system caused by a severe disruption of the normal process of cash movement that underpins any economy.
conditions of an agreement you work here on our terms a sum of money paid for a service or credit; charges usually preceded by onmutual relationship or standing they are on affectionate terms in terms of as expressed by; regarding in terms of money he was no better off ...
Key Terms L Definition A commercial instrument for guaranteeing payment. In the sale-of-goods context, a buyer gives a seller the letter on the credit of a third party, such as a bank or financial institution, which will pay the seller upon delivery of the goods. ...