| 单词 | cash discount |
| 释义 | cash discount A discount for prompt payment. Where goods are commonly sold on credit, it is often possible to obtain a reduction in price for prompt payment, in notes and coin, by direct debit, by cheque backed by a bank guarantee card, or by electronic transfer. Sellers are willing to offer cash discounts because immediate payment saves them both delay in receiving their money, and possible administrative costs or loss through default involved in credit sales or deferred payment. |
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