Average Payment Period

Business, Legal & Accounting Glossary

Definition: Average Payment Period


Average Payment Period


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).


Cite Term


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Page URL
https://payrollheaven.com/define/average-payment-period/
Modern Language Association (MLA):
Average Payment Period. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 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: December 08, 2021).
American Psychological Association (APA):
Average Payment Period. PayrollHeaven.com. Retrieved December 08, 2021
, 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.