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It depends on which industry it is in.No, the interest free period is never a whole year. It is usually 30 days.
What you described above was discounts for early payments, though I see what you mean about it being in the short term, would make sense. (Aysce disregard the Harvey Norman example, though the idea is still right)No, you are thinking about it the wrong way.
Trade credit would be between Harvey Norman and THEIR suppliers, not between Harvey Norman and their customers