The arrangements between buyer and seller as to when payments for merchandise are to be made are called:

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Credit terms refer to the agreed-upon conditions between buyer and seller regarding payments for merchandise. This includes information such as when payments are due, what types of payments are accepted, and any discounts that may be offered. Net cash and cash on demand both refer to immediate payment, while the discount period pertains specifically to any discounts offered for early payment.

The Arrangements Between Buyer and Seller as to When Payments