Average Settlement Period

Business, Legal & Accounting Glossary

Definition: Average Settlement Period

Average Settlement Period

Full Definition of Average Settlement Period

The average time taken for a business to pay its creditors, or the average time for debtors to pay what is owed to the business. Calculation of average settlement periods can help a business evaluate the likely amount of time that a customer will take to fulfill an outstanding debt, which can have an effect on cash flows of the business.

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Modern Language Association (MLA):
Average Settlement Period. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 https://payrollheaven.com/define/average-settlement-period/.
Chicago Manual of Style (CMS):
Average Settlement Period. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/average-settlement-period/ (accessed: December 08, 2021).
American Psychological Association (APA):
Average Settlement Period. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-settlement-period/

Definition Sources

Definitions for Average Settlement 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.