A discount offered as an inducement for prompt payment of an invoice is called a(n)

Name: A discount offered as an inducement for prompt payment of an invoice is called a(n)
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A discount offered for prompt payment of an invoice is called a cash discount. Trade discount is offered to customers buying in bulk. Invoice discount is a reduction in the amount to be paid on an invoice if it is paid before the due date. Early discount is not a commonly used term for this type of discount.

A Discount Offered as an Inducement for Prompt Payment of an Invoice