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what is payment terms. what is the diff. b/w terms of payment
and payment terms
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Answer Posted / preethi kadkol
The conditions under which a seller will complete a sale.
Typically, these terms specify the period allowed to a
buyer to pay off the amount due, and may demand cash in
advance, cash on delivery, a deferred payment period of 30
days or more, or other similar provisions.
the differnce between terms of payment & payment terms is
terms of payment is depend on suppliers policy.
payment terms is depend on purchaser policy
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