Examlex
A collection of records in a relational database can be called a
Credit Terms
Conditions under which credit is extended by a seller to a buyer, including the repayment period, interest rate, and penalties for late payment.
Discounts Lost
Refers to the financial opportunity lost by not taking advantage of discounts offered by suppliers for early payments.
Net Method
An accounting practice where purchases are recorded at their net cost, taking into account any discounts offered for early payment.
Cash Discounts
A reduction in the amount owed by a customer if payment is made within a specified period.
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