extended payment terms

USAGE SUMMARY

The phrase "extended payment terms" is correct and usable in written English.
It can be used in financial or business contexts when discussing the duration or conditions under which payments are to be made. Example: "We are pleased to offer our clients extended payment terms to help manage their cash flow more effectively."

✓ Grammatically correct

Formal & Business

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

11 human-written examples

Some suppliers have reacted angrily to Boots' demands for lower prices and extended payment terms.

The Guardian - Business

ECredit, for one, started offering extended payment terms to e-commerce companies on a limited basis in 1998.

The New York Times

His attorney, landlords and parts suppliers extended payment terms, too.

Forbes

They make every expenditure cost efficient by negotiating for extended payment terms, relative to calendar days when payment is due; or by getting a cash discount for paying within 10 or 15 days; or by getting some other compensation from the supplier, such as free delivery or an advertising allowance, and so forth.

Huffington Post

The small-business cards often differ from personal credit cards in that some offer benefits like product discounts and extended payment terms.

The New York Times

Even if he must accept slightly less, he prefers the immediate payment to managing the cash flow problems of extended payment terms.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

48 human-written examples

Carlsberg's letter is the latest in a string of high-profile companies found to be extending payment terms or retrospectively changing agreements.

The Guardian - Business

Some customers may try to secure last-minute discounts in return for immediate payment or try and arbitrarily extend payment terms, so your credit controller needs to have the confidence to stand their ground and secure full, timely payment.

The Guardian

And realizing that millions more consumers are likely to default on their credit card bills in the coming months, the banking industry has started lobbying regulators to make it more advantageous to lenders to extend payment terms or forgive debt.

The New York Times

Begbies Traynor, a firm specializing in corporate restructuring, revealed in a recent report that all of the Big Four have been manhandling suppliers and extending payment terms.

Huffington Post

Always be confident and polite when trying to extend payment terms with creditors and lenders.

WikiHow

Expert writing Tips

Best practice

When negotiating with suppliers, clearly define the "extended payment terms" in writing to avoid future disputes.

Common error

Avoid offering excessively "extended payment terms" that could strain your own cash flow; carefully balance customer needs with your financial stability.

Linguistic Context

The phrase "extended payment terms" functions primarily as a noun phrase, typically serving as the object of a verb or the complement of a preposition. As shown by Ludwig, it describes a specific aspect of financial agreements.

Expression frequency: Common

Frequent in

News & Media

33%

Wiki

29%

Formal & Business

21%

Less common in

Science

8%

Encyclopedias

2%

Science & Research

2%

Ludwig's WRAP-UP

In summary, "extended payment terms" is a grammatically correct and commonly used noun phrase in business and finance. As Ludwig AI confirms, it describes agreements that allow for a longer period to make payments. Its professional register and frequent appearance in sources like The Guardian and The New York Times, and real-world usage examples showcase its importance in financial negotiations and business management. When using this phrase, make sure to clearly define the terms in writing and balance customer needs with your financial stability. Related terms include "flexible payment options" and "deferred payment schedule".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

flexible payment options

Focuses on the flexibility offered in payment arrangements, broadening the scope beyond just the extension of time.

deferred payment schedule

Emphasizes the postponement of payments according to an agreed-upon timetable.

relaxed payment conditions

Highlights the less strict or lenient nature of the payment requirements.

lenient repayment terms

Stresses the permissiveness and ease associated with the repayment agreement.

accommodating payment plans

Highlights the adaptability of payment plans to suit individual circumstances.

delayed payment arrangements

Centers on the postponement of payment actions, indicating a formal agreement.

extended credit period

Specifically refers to the timeframe during which credit can be used before payment is due.

longer payment deadlines

Focuses on the expanded timeframe available for making payments.

modified payment agreements

Highlights changes made to the original payment conditions.

revised payment schedules

Centers on a payment timetable that has been updated or changed.

FAQs

How can I use "extended payment terms" in a sentence?

You can use "extended payment terms" in sentences like: "We offer "extended payment terms" to our valued clients" or "Negotiating "extended payment terms" with suppliers can improve cash flow".

What's the difference between "extended payment terms" and "net 30"?

"Extended payment terms" refers to a general agreement allowing more time to pay, whereas "net 30" is a specific term meaning payment is due 30 days from the invoice date. "Extended payment terms" can encompass various arrangements, including net 60, net 90, or other custom agreements.

What are the benefits of offering "extended payment terms"?

Offering "extended payment terms" can attract more customers, increase sales volume, and improve customer loyalty. However, it's crucial to manage cash flow effectively to accommodate the longer payment cycles.

When should I consider asking for "extended payment terms" from my suppliers?

Consider asking for "extended payment terms" when facing temporary financial challenges, planning significant investments, or seeking to improve your working capital.