The credit period is length of time for which credit is granted; after that time, the credit account is considered delinquent.

Name: The credit period is length of time for which credit is granted; after that time, the credit account is considered delinquent.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

This is true. The credit period is the agreed-upon time frame in which a customer is expected to pay off their credit account. After this time frame, if the account has not been paid, it is considered delinquent.

The Credit Period Is Length of Time for Which Credit