Trade credit
Credit given by a supplier allowing a business customer to pay for goods or services after delivery rather than immediately.
Related terms
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Supplier credit
An arrangement where a supplier provides goods or services now and allows the customer to pay later under agreed terms.
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Trade creditor
A supplier or service provider owed money for goods or services supplied in the ordinary course of business.
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Arrears
Money that should already have been paid under an agreement, bill or tax obligation but remains outstanding.
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