Glossary of Bulk Oil Terms


Posted by Hannah Broaddus

Jan 17, 2013 10:00:00 PM

A benefit allowing customers to delay paying for their purchases by a certain number of days.  For many manufacturers, this allows their product stock to rotate and incoming funds to be processed before having to pay for new raw material inventory.  This is a beneficial service offered by a seller only to dependable customers with positive credit ratings and references from past business interactions.

Return to Glossary