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price terms

From Longman Business Dictionaryprice termsˈprice terms [plural]COMMERCE1in a sales agreement or contract, the price that the buyer must pay, and often showing how it is calculatedThe agency is prohibited from using price terms which are not industry standard.2if a price is given in relation to particular price terms, it is calculated using those prices as a guideCommodity prices increased in world price terms in May, the second consecutive monthly increase. term
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