The time a customer is granted to pay the bill is the discount period.

Name: The time a customer is granted to pay the bill is the discount period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The time a customer is granted to pay the bill is referred to as the credit period, not the discount period. The discount period is a specific timeframe within the credit period where a customer can pay less than the full amount due if they pay early.

The Time a Customer Is Granted to Pay the Bill