The length of time for which the seller extends credit to the buyer is known as the
A) net period.
B) equity timeline.
C) collateral period.
D) trade conditions.
E) contract limit.

Question

Quizplus · Accepted Answer

The net period refers to the duration for which the seller extends credit to the buyer, typically specified in terms of net days within which the buyer is expected to make payment for the goods or services received.

The Length of Time for Which the Seller Extends Credit