payment terms
nounUK /ˈpeɪmənt tɜːmz/
US /ˈpeɪmənt tɝːmz/
The rules about when and how someone must pay for something.
The payment terms say we have thirty days to pay the bill.
RELATED WORDS
OTHER MEANINGS
2. The agreed length of time a buyer has before payment is due.
Their payment terms are net sixty days.
3. The methods of payment a seller accepts.
The payment terms allow bank transfer or credit card.
4. The discounts offered for paying early.
The payment terms include a two percent discount for early settlement.