Examlex
Which of the following would be most characteristic of a 2-year-old's telegraphic speech?
Credit Terms
The conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the rate of interest if applicable.
Discount
A reduction applied to the usual cost of goods or services or the process of determining the present value of future cash flows.
Net 45
A payment term indicating the buyer must complete payment within 45 days from the invoice date.
Break-Even Point
The point at which total costs and total revenues are equal, meaning there is no net loss or gain.
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