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An agreement that ownership of goods is transferred at the buyer's place of business

The time period in which a cash discount is available.

The difference between net sales and the cost of goods sold.

A reduction in a receivable or payable that is granted if it is paid within the discount period.

A purchaser's description of an early payment discount received from a supplier of goods.

An agreement that ownership of goods is transferred at the seller's place of business.

A reduction below a list or catalogue price that is negotiated in setting the selling price of goods.

A seller's description of a cash discount granted to customers in return for early payment.

The time period that can pass before a customer's payment is due.

The goods that a company owns and expects to sell to its customers.