Repayment conditions

Payment terms are agreed terms determined by the seller that explain the method of payment, for example 50% advance payment and 50% upon delivery, or payment within 30 days of the invoice date. The terms must be clear in the invoice issued by the seller or in long-term supply contracts.

Repayment conditions (payment terms) define how and when payment is made, such as advance percentages or payment within a stated number of days.

- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.

- Example: Teams reference **Repayment conditions** when defining terms in manuals, policies, or training materials.

- Why it matters: Improves clarity and consistency across documentation and decision-making.