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Home > QFINANCE Dictionary > Definition of payment terms

Definition of

payment terms

Operations & Production

firm's conditions for reimbursement for goods and services the stipulation by a business as to when it should be paid for goods or services supplied, for example, cash with order, payment on delivery, or within a particular number of days of the invoice date

Recommended Further Reading (Term count)

Definitions of ’payment terms’ and meaning of ’payment terms’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’payment terms’ and other financial terms with our online QFINANCE Financial Dictionary.

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