Is trade credit long term or short term?

Trade credit is like an agreement or more like an understanding that exists between the two business houses. It allows you for the exchange of goods and other services, but you need not have to pay for that immediately. How does it work? When you are going for the trade credit, then you can see that it has got many day limits in it. For all that reason, you can extend the trade credit by that time. The general limit that the trade credit offers to you all is 7, 30, 60, 90, and 120 days. You can choose any of it and can go for the extension to any of the said days. So, when you are going for the trade credit, then you fix a deadline for the invoice. Then the customer has to pay the amount within that deadline so that there is no delay in the payment system here. For all these things, it is best to get trade credit management services . It helps you in the right way and can make your invoice maintenance an effective one. But to do that all, you...