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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Fleet Fuel Cards vs Credit Cards

Fleet Fuel Cards vs Credit Cards

Is your trucking company using a credit card instead of a fuel discount card as your company’s fleet card? If so, you’re paying far too…
How a Factoring Line of Credit Trumps Factoring and a Line of Credit

How a Factoring Line of Credit Trumps Factoring and a Line of Credit

Regardless of whether it’s riding through a pandemic, battling against freight shortages or going flat out to keep up with demand, maintaining positive cash flow…
Will Your Trucking Company Get Paid? Assessing Credit Risk

Will Your Trucking Company Get Paid? Assessing Credit Risk

One of the many advantages of working with a specialized invoice factoring company for the trucking industry includes access to a large database of credit…

OTHER TERMS BEGINNING WITH "C"