What is Credit Terms?

Credit terms, terms of credit or invoice terms is an agreement between the buyer and the seller that list the timing, amount and also when the title is transferred on a product. For example, Net 30 means your customer is expected to pay their invoice within 30 days. 2-10, Net 60 means your client can take a 2% discount if they pay within 10 days or pay the entire invoice amount if it takes up to 60 days to pay.

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