Business GCSE
Trade Credit
What Trade Credit means in Business GCSE, as defined for OCR.
Definition of Trade Credit
An arrangement to buy goods or services now and pay for them at a later date, usually 30-90 days.
Topics that use Trade Credit
- Sources of finance (OCR GCSE)
Related terms
Using Trade Credit in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE terms7 days Premium · Then free forever · No card, no charge