Business Sales

Quantity Discount
A discount provided to buyers based on the amount of merchandise purchased, encouraging bulk procurement. Also known as volume discount.
Trade Discount
A trade discount is a reduction in the list price of goods offered by sellers to buyers, often to encourage bulk purchases or maintain customer loyalty.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.