Select the term in the dropdown list beside the definition that it most closely matches: 1. An agreement that ownership of goods is transferred at the buyer's place of business 2. The time period in which a cash discount is available. 3. The difference between net sales and the cost of goods sold 4. A reduction in a receivable or payable that is granted if it is paid within the discount period 5. A purchaser's description of an early payment discount received from a supplier of goods 6. An agreement that ownership of goods is transferred at the seller's place of business 7. A reduction below a list or catalogue price that is negotiated in setting the selling price of goods 8. A seller's description of a cash discount granted to customers in retum for early payment 9. The time period that can pass before a customer's payment is due. 10. The goods that a company owns and expects to sell to its customers