What is the term for the extension of credit by the seller to the buyer between the time the buyer receives the goods or services and when it pays for them?
A) revolving credit
B) supplier's credit
C) trade credit
D) line of credit

Question

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Trade credit is the term for the extension of credit by the seller to the buyer between the time the buyer receives the goods or services and when it pays for them. Revolving credit refers to a line of credit that can be used repeatedly up to a certain limit. Supplier's credit is a type of financing where a supplier extends credit to a buyer to finance the purchase of equipment or services. A line of credit is a preset amount of credit that a borrower can draw from as needed.

What Is the Term for the Extension of Credit by the Seller