| A | B |
|---|
| layaway | Removing merchandise from stock and keeping it in a separate storage area until the customer pays for it |
| on-approval sale | An agreement permitting a customer to take merchandise home for further consideration |
| cash-on-delivery sale | A transaction that occurs when a customer pays for merchandise at the time of delivery. |
| sales tax | A percentage fee placed by the government on the sale of goods and services |
| allowance | A partial return of the sale price for merchandise that the customer has kept. |
| Universal Product Code | A combination bar code and number used to identify a product and manufacturer. |
| till | The cash drawer of a cash register. |
| point-of-sale system | Combines a cash register with a computer, making it possible to capture information about the transaction at the time of the sale, then apply it to different functions |
| opening cash fund | At the beginning of each business day, the manager or other designated person provides a limited amount of money for the cash register |
| purchase order | A legal contract between the buyer and the supplier |
| invoice | An itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due. |
| terms for delivery | The final delivery arrangement between the buyer and the seller. |
| FOB (free on board) | Leaves title and ownership of the goods with the seller until the goods reach their destination. |
| sales check | A written record of a sales transaction that includes such information as the date of the transaction, the items purchased, etc. |
