TERMIUM Plus®

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EARLY PAYMENT DISCOUNT [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1993-11-24

English

Subject field(s)
  • Finance
DEF

A reduction of debt granted by a creditor in consideration of payment within a prescribed time.

CONT

In one instance, on their own initiative, clerical employees improved the bill-paying process for the entire operation in order to take advantage of early payment discounts offered by suppliers.

OBS

See the Revenue Management Module in the Financial Management Systems (FMS) Handbook.

French

Domaine(s)
  • Finances
DEF

Réduction accordée par un créancier dans le cas des paiements effectués dans les délais prescrits.

Spanish

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