credit sales
Deferred payment purchases
Credit sales are transactions where payment is deferred rather than collected at the time of purchase.
The buyer receives goods or services immediately but pays later, typically within 30, 60, or 90 days.
Businesses track credit sales separately from cash sales because they create accounts receivable—money owed but not yet collected: Credit sales increased this quarter, but so did bad debt.
- creditworthinessAbility to repay debts
- open accountOngoing credit arrangement
- invoiceItemized billing statement
- bad debtUnrecoverable money owed
- accounts receivableDebts owed to business
charge account · buy now pay later · payment plan · payment terms · collection agency · collateral · net 30 · debt recovery · terms and conditions · dispute resolution · risk assessment · billing cycle · late fees · overdue accounts · fraud prevention · bankruptcy law · cash flow · consumer protection laws
- Sales Typesliquidation, e-commerce
- salesselling, salesperson, salesman, saleswoman, discount
- revenuegross revenue, net revenue, total revenue, revenue streams, ad revenue
- sales accountingaccounts receivable, receivables, invoicing, invoices, billing
- Islamic commerceIslamic finance, Islamic banking, dinar, dirham, business transactions
- retailAmazon, marketplace, clearance, retail clerks, retailer
credit salescash sales
Transactions using physical currency
cash transactions · cash-and-carry · upfront payment · pay-as-you-go · cash on delivery
credit, sales, credits, credited, crediting, creditor, creditors, creditable, accredit