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Definition

  1. (sales promotion definition) A type of trade promotion in which the retailer is allowed to buy a certain amount of product from the manufacturer and then pay for that product over a prolonged period of time.
  2. (retailing definition) The dates in which discounts can be taken or the full invoice amount is due.[1]

References

  1. ^ American Marketing Association. Dictionary. <https://www.ama.org/resources/Pages/Dictionary.aspx> (cited 26 May 2015).

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