credit period
nounUK /ˈkredɪt ˈpɪəriəd/
US /ˈkredɪt ˈpɪriəd/
A credit period is the amount of time you have to pay money back before you get in trouble.
The store gave us a credit period of thirty days to pay the bill.
OTHER MEANINGS
2. The time between when a sale is made and when the seller must be paid.
Our supplier offers a credit period of sixty days on all orders.
3. The length of time a buyer may use goods before paying for them.
During the credit period, the equipment stays in the buyer's hands.
4. A set number of days allowed by a bank before a loan payment is late.
The bank's credit period ends on the fifteenth of each month.