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Purchase Discount
A reduction in the price of goods that a buyer can avail of for making early payments to the seller.
Sales Discount
A reduction in the price of goods or services offered to a customer, typically used to incentivize prompt payment.
Discount
The interest deducted from the maturity value of a note or the excess of the face amount of bonds over their issue price.
Credit Terms
Conditions under which credit is granted by a lender to a borrower, including repayment period, interest rate, and other clauses.
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