is a form of short-term financing. Businesses buy merchandise from their suppliers, but are not required to pay for their purchases until some future date.

Question

Poppy

Business

4 November, 08:13

is a form of short-term financing. Businesses buy merchandise from their suppliers, but are not required to pay for their purchases until some future date.

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Answers (1)

Know the Answer?

Kenzie Combs · Answer 1

The correct answer is "Trade credit"

Explanation:

Trade credit is an agreement in which a person can purchase goods and services, without canceling upfront, there is a lapse of time to cancel the total amount. sometimes the trade credit is expressed in 30, 60 or 90 days, it depends on the type of trade credit and the company that offers it.