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"terms of payment" vs "term of payment"

Both "term of payment" and "terms of payment" are correct, but they are used in different contexts. "Term of payment" refers to a specific payment condition or period, while "terms of payment" refers to the overall conditions or rules related to payments.

Last Updated: March 19, 2024

terms of payment

This phrase is correct and refers to the overall conditions or rules related to payments.

This phrase is used to describe the general payment conditions or rules that apply to a transaction or agreement.

Examples:

  • The terms of payment are outlined in the contract.
  • We need to discuss the terms of payment before finalizing the deal.
  • The supplier has specific terms of payment that must be followed.
  • The terms of payment include a 10% deposit.
  • Please review the terms of payment carefully.

Alternatives:

  • payment terms
  • payment conditions
  • payment rules

term of payment

This phrase is correct and refers to a specific payment condition or period.

This phrase is used to describe a particular aspect of a payment agreement, such as the deadline for payment or the method of payment.

Examples:

  • The term of payment for this invoice is 30 days.
  • Please clarify the term of payment for this contract.
  • What is the term of payment for this service?
  • The term of payment can be negotiated with the supplier.
  • The term of payment must be agreed upon before signing the agreement.

Alternatives:

  • payment term
  • payment deadline
  • payment condition

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