Credit Terms

This Issue in United States

Definition of Credit Terms

This is the meaning of Credit Terms published by Marco Terry: A type of commercial sale which allows the customer to pay 30 to 60 days after an invoice is submitted. Terms are noted by preceding the number of days to pay with the word “Net” (i.e. Net 30 Terms). Invoices note their credit terms in the “Terms” field or the “Due by” field.