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Sales & Retail vocabulary · Negotiation & Pricing

Payment terms

Meaning in sales & retail, with examples

/ˈpeɪmənt ˌtɜːrmz/nounCommon term

In sales & retail, payment terms means: The conditions agreed for paying an invoice, such as how many days the buyer has to pay, any deposit and any discount for early payment.

In Turkish: ödeme koşulları, vade

How it is used

Common in B2B quotes, contracts and negotiations. Typical forms are “net 30” (pay within 30 days) or “50% upfront, 50% on delivery”. Buyers often ask for longer payment terms instead of a lower price.

Example sentences

  1. Our standard payment terms are 30 days from the invoice date.

  2. They accepted the price but asked for 90-day payment terms.

Common collocations

  • agree payment terms
  • standard payment terms
  • extend payment terms
  • net 30 payment terms
  • contractA formal written agreement between a seller and a buyer that sets out what will be supplied, at what price and under which conditions, and that both sides must follow.
  • quoteA written statement of how much a product or service will cost, given to a customer before they decide to buy; also called a quotation.
  • negotiateTo discuss the price, terms or conditions of a deal with the other side in order to reach an agreement that both can accept.
  • concessionSomething one side gives up or agrees to during a negotiation, such as a lower price or an extra service, in order to reach a deal.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Negotiation & Pricing

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