Definition, Meaning & Synonyms
cash-terms
noun
/kæʃ tɜrmz/
Definition
Cash-terms refers to the conditions under which cash payments are made for goods or services.
Examples
- When negotiating the sale, they agreed to meet on cash-terms.
- The store only offers discounts for purchases made on cash-terms.
- He preferred cash-terms for the transaction to avoid any potential credit issues.
Meaning
The specific arrangements or stipulations involved when transactions are conducted in cash, without credit or deferred payment options.
Synonyms
- Cash basis
- Cash payment
- Immediate payment
