Examlex
Which of the following is the least like real-world performance?
Due Date
The final day an invoice is to be paid. After that day the buyer may be charged interest. Also, the date by which a loan is to be repaid.
Remittance
Amount that a buyer actually pays after deducting a cash discount.
Discount Period
A certain number of days after the invoice date, during which a buyer may receive a cash discount. The time between a note’s discount date and its maturity date.
Trade Discount
A reduction in price given by a seller to a buyer, usually based on the quantity purchased or agreed upon terms, not reflected in the invoice amount.
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