The agreement between a seller and a buyer about payment on a purchase is called

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Credit terms refers to the agreements made between the seller and buyer regarding payment of a purchase. Credit period refers specifically to the amount of time the buyer has to pay for the purchase, while credit agreement is a more general term used to describe any agreement made around credit, including loans or lines of credit. Purchase agreement refers to the overall agreement made between the buyer and seller around the purchase, but does not necessarily include specific payment terms. Therefore, the best choice is B.

The Agreement Between a Seller and a Buyer About Payment