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What is the shortest definition of the term "supplier credit"?

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Question added by Nadjib RABAHI , Freelancer , My own account
Date Posted: 2016/07/30
Ravi Kurup
by Ravi Kurup , Accountant , Campaign Branding Solutions pvt ltd

Receipt of good without payment  and payment after stipulated time as per mutal aggreement.  simply credit purchase. 

ABIGAIL HERRERA
by ABIGAIL HERRERA , Admin Secretary , Proscape LLC

Goods or services received in deferred payments

Tomasz L
by Tomasz L , Reporting Specialist , Outworking

One of the cheapest and often misused form of company's financing with 0 % rate.

Dasarathi Rath
by Dasarathi Rath , Sr. Accountant , Al Luban Special Investment LLC

The shortest definition of the term supplier credit is :- "current liability".

Imran Ali Dogar
by Imran Ali Dogar , Executive (Finance & Accounts) , Attock Petroleum Limited

Goods or services received from a supplier on a commitment to pay for them later.

Mohamed Ghazi CMA
by Mohamed Ghazi CMA , Finance and Budget Manager , Ernst & Young

Thanks for invitation 

The answers above are sufficient 

Praveen Kamsali
by Praveen Kamsali , Associate , SBI Capital Markets Limited

Supplier allows to purchase goods on credit

AZHAR KHAN
by AZHAR KHAN , Marketing Executive , FUTURE SCALE SAFETY CONSULTANCIES EST

The limit of the amount allowed to the supplier to be settled in future.

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