Payment Terms
Payment Terms are the conditions under which a seller will complete a sale, typically specifying the period allowed to a buyer to pay off the amount due.
Benefits
Clear payment terms prevent misunderstandings and ensure timely payments, improving cash flow.
Frequently Asked Questions
What are the payment terms for a seller?
Payment terms specify the period allowed for a buyer to pay the amount due to the seller.
What are the payment terms conditions?
Payment terms specify the period allowed for a buyer to pay the amount due.
What is the payment term period?
The payment term period is the duration allowed for the buyer to pay the amount due.
Key Takeaway
Clear Payment Terms prevent misunderstandings and ensure timely payments.