Examlex
Which of the following refers to the fatty deposits that develop in the lining of arteries?
Sales Discount
A reduction in the selling price offered by a seller to a buyer, usually to encourage prompt payment.
Sales Allowance
A reduction in the selling price of goods, granted by the seller to the customer for partial refund due to minor defects or issues in the sold goods.
Discount Period
The time frame during which a payment can be made at a reduced rate, often related to invoice payments.
Credit Terms
The conditions under which credit will be extended to a customer, including the repayment period and any interest charges.
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