> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/idn/use-cases/chargebacks/terms-by-industry.md).

# Terms by Industry

Payment terms are the <mark style="color:red;">rules that govern how and when a buyer should pay a seller</mark>. They are foundational to a business’s cash flow strategy. For accounts receivable (AR), these terms define when your business expects to get paid. For accounts payable (AP), they determine when you’re expected to pay vendors.

| Industry              | Typical Terms       |
| --------------------- | ------------------- |
| Agriculture           | Immediate – 3 days  |
| Construction          | 30 – 90 days        |
| IT & Marketing        | 30 days             |
| Medical Supplies      | Immediate – 30 days |
| Retail                | 3 – 7 days          |
| Professional Services | 14 – 75 days        |