The length of time the customer is allowed to repay the bill is the:

Question

Quizplus · Accepted Answer

The credit period refers to the amount of time that the customer is allowed to repay the bill. Options A and D are incorrect because the discount period refers to a specific timeframe in which the customer may receive a discount for early payment, and the due date is simply the date by which the payment must be made. Option B is not an appropriate term in this context.

The Length of Time the Customer Is Allowed to Repay