A set of conditions that the seller must meet in order to close the sale. These terms specify the time period for payment, the amount due, and all possible variations such as cash in advance, cash on delivery, a 30-day deferred payment period, and other similar terms.
The Sales Glossary is a compendium of all the most commonly used terminology in sales strategy. Many of the concepts listed here are used when implementing a CRM system or a digital sales funnel, no matter if they are legacy systems or an online CRM. See also our blog that deals with sales techniques, marketing and sales culture.