[GNC-dev] Translation

David Cousens davidcousens at bigpond.com
Tue Feb 19 02:04:55 EST 2019


Hamid,

Billing terms are the terms under which a vendor extends credit to a
customer They can be quite variable. A vendor could require payment within 7
days for example. Often where a regular customer has an account it can be a
30day period. It may also include additional conditions such as interest on
the amount owing if not paid by the due date.  

These are often expressed in a shorthand form in English language invoices.
The following website https://due.com/blog/10-invoicing-terms-need-know/
lists some common forms. 

In most countries they are likely to be defined in the laws governing
contracts or by commercial practice

David Cousens



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David Cousens
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