what is the definition of term of payment?

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what is the definition of term of payment?

2006-07-05 14:46:12 · 2 answers · asked by riez 1 in Business & Finance ➔ Other - Business & Finance

2 answers

It typically referes to how many months you have to make the payments.

But it can be the rules regarding your payment, such as amount, dates, form, etc, etc, etc.

2006-07-05 14:49:48 · answer #1 · answered by tkquestion 7 · 0⤊ 0⤋

How about :1 When your first payment is due.2 When your payments are due. 3 What the interest rate is.Good luck

2006-07-05 21:52:43 · answer #2 · answered by rad-dad 1 · 0⤊ 0⤋