Luotonmyynti

Luotonmyynti, often translated as credit sales or sales on credit, refers to a commercial transaction where a seller allows a buyer to purchase goods or services and pay for them at a later date. This practice is a fundamental aspect of business, enabling businesses to generate revenue and consumers to acquire goods and services without immediate payment. The terms of credit sales are typically outlined in an agreement, specifying the purchase price, the payment due date, and any applicable interest rates or late payment penalties.

There are various forms of luotonmyynti, including trade credit offered between businesses (B2B) and consumer credit extended to individuals (B2C). Trade credit can take the form of open accounts, promissory notes, or installment plans. Consumer credit encompasses credit cards, personal loans, and store credit. For the seller, offering credit can boost sales volume and customer loyalty. However, it also introduces the risk of bad debt, where the buyer fails to fulfill their payment obligations. Consequently, sellers often implement credit policies, conduct creditworthiness assessments of buyers, and may employ collection efforts to mitigate these risks. From the buyer's perspective, luotonmyynti provides flexibility and purchasing power, allowing for immediate consumption or use of assets. However, it necessitates responsible financial management to avoid accumulating debt and incurring interest charges.