Examlex
Decentralized purchasing can usually offer quicker response than centralized purchasing.
Credit Terms
Conditions under which credit is extended by a lender to a borrower, including payment due dates, interest rates, and repayment schedules.
Credit Period
The time frame granted by a creditor within which payment for a purchase must be made; typically used in commercial transactions.
Credit Risk
The risk of loss resulting from a borrower's inability to repay a loan or meet contractual obligations.
Carrying Cost
A financial term representing the total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.
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