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Sagot :
When a buyer makes a down payment in the year of sale and then agrees to pay the remainder of the sale proceeds over a period of time is referred as Trade Credit.
What is Trade Credit?
Trade credit is an arrangement in which a customer can purchase goods without paying cash up front, and paying a supplier at a later scheduled date.
Trade credit can be thought of as a type of 0% financing, increasing a company's assets while deferring payment for a specified value of goods and services to some time in the future and requiring no interest to be paid in relation to the repayment period.
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