Salary and Pay Rates

What are payment terms?

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2006-03-27 17:22:21
2006-03-27 17:22:21

Payment terms are the arrangement that you have with your creditor for repaying the obligation to them. For example, if you borrow $100 USD, and you agree to pay the lender $10 each month until the debt is repaid. These terms ($10 per month until fully paid) are the payment terms.

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