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Open Terms Model
What is
Open Terms Model
?
An 'Open Terms Model' is a B2B credit arrangement where a seller extends credit to a buyer, allowing them to purchase goods or services on account with an agreement to pay at a later date, typically within predefined payment terms (e.g., Net 30). This model creates accounts receivable for the seller and relies on the buyer's established creditworthiness rather than requiring upfront payment or collateral for each transaction.
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