30 Most Common Finance Terms
Corporation world Finance

30 Most Common Finance Terms

1. billing address
2. shipping address
3. date of issue
4. VAT identification number
5. purchase order (no.)
6. net unit price
7. quantity (qty). / no. / pieces / units)
8. country of origin
9. labour (BE) / labor (AE) costs
10. material costs
11. freight charges
12. delivery charges / shipping / handling/ carriage costs
13. total (payable amount)
14. net(price)
15. exclusive of tax
16. inclusive of tax
17. discount
18. down payment / advance payment / deposit
19. hire purchase (HP), conditional sale, installment purchase
20. stage payment/pay in installments
21. letter of credit (L/C) / documentary credit (D/C)
22. 3 months credit
23. 1% discount if payment is received within ten days, otherwise net payment within 30 days (1% 10 Net 30)
24. 2% discount if goods are paid in cash (2% for cash)
25. 2% discount if goods are paid for within 10 days
26. payment in advance (PIA)
27. terms and conditions of business/terms of business
28. due balance
29. electronic payment
30. income statement

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