Average Payment Period

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Definition: Average Payment Period

Average Payment Period
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Full Definition of Average Payment Period

APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360).

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/average-payment-period/
Modern Language Association (MLA):
Average Payment Period. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/average-payment-period/.
Chicago Manual of Style (CMS):
Average Payment Period. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-payment-period/ (accessed: April 18, 2024).
American Psychological Association (APA):
Average Payment Period. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-payment-period/

Definition Sources

Definitions for Average Payment Period are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.