terms

Definition

The specific conditions and details of an agreement or contract.

Use terms in a sentence

You should try to know all of the terms of any deal so that you can stick with them at all times.

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The terms of the payment according to the invoice was NET 30 but we could not complain if payment was received NET 90.

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Companies create terms to protect themselves from liability resulting from improper use of their product thereby allowing your use of a product they created while they minimize any potential consequences that can come back to them regardless of the use of their product.

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