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    #1

    payment terms

    Some customers pay us 30 days after delivery and some customers pay us 60 days-90 days after delivery .

    Is it correct to say "The payment terms of our customer are from 30-90 days after delivery"?

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    #2

    Re: payment terms

    Note that the payment term is from you, not your customer. It is up to your customer to accept your terms.
    The time taken for your customer to make payment is the settlement period.
    If you tell your creditors that your payment term is 30-90 days, of course they would go by the 90-day limit.
    I am not a teacher.

  1. Matthew Wai's Avatar
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    #3

    Re: payment terms

    See the definition of payment terms at http://www.businessdictionary.com/de...ent-terms.html
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    #4

    Re: payment terms

    Quote Originally Posted by tedmc View Post
    Note that the payment term is from you, not your customer. It is up to your customer to accept your terms.
    The time taken for your customer to make payment is the settlement period.
    If you tell your creditors that your payment term is 30-90 days, of course they would go by the 90-day limit.
    If we want to sell the Account Receivable to a bank, they ask about the payment terms of our customers. How do I say?

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    #5

    Re: payment terms

    What do you mean by "sell the account receivable to a bank"?
    Payment term is normally expressed as a number of days, e.g. 30 days.
    I got confused earlier - your customers who owe you money are your debtors, not creditors.
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  2. Matthew Wai's Avatar
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    #6

    Re: payment terms

    I think the OP means 'Our customers' settlement periods are between 30-90 days.'
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    #7

    Re: payment terms

    Quote Originally Posted by Matthew Wai View Post
    I think the OP means 'Our customers' settlement periods are between 30-90 days.'
    Thanks Matthew.

    Does it mean that we can say "The payment terms of our customers are between 30-90 days after delivery"?

  3. Matthew Wai's Avatar
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    #8

    Re: payment terms

    Having read the definition in post#3, I think 'payment terms' does not fit your sentence if 30-90 days after delivery is not requested by your company.
    Last edited by Matthew Wai; 01-Mar-2016 at 08:00.
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