longer payment term

Net 60 is not used as frequently due to its longer payment term.

The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well.

Clubs receive immediate cash payment for sales, while inventories, accrued expenses, and other current liabilities normally carry longer payment terms.

Another move forward is the extension of payment terms to 60 instead of 30 days for public health services, which have complex budgetary procedures forcing them to have longer payment terms, for which they cannot be held responsible.