Posts Tagged 'trade'

Stretching the Trade

Stretching the trade was a phrase I heard many moons ago.  And, before we dig in to the details, I’ll spill the beans.

Stretching the Trade: Definition

Stretching the trade is a phrase used to describe extending Accounts Payable.  That is, increasing Accounts Payable.

Terms

If you’ve been in business for awhile, then you have been accustomed to how things work, so to speak.  Here are some general terms you may have come across.

COD

Typically, when you begin purchasing from a vendor, they ...