Examlex
What is the term for the specialized cells that transduce external stimuli into neural signals?
Net 45
A term indicating that payment is due 45 days after the invoice date.
Average Collection Period
The average number of days that it takes for a business to receive payments owed by its customers, calculated by dividing the accounts receivable balance by the average daily sales.
Credit Terms
The conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the rate of interest if applicable.
Discount
A reduction applied to the usual cost of goods or services or the process of determining the present value of future cash flows.
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