Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
Another important caveat is the fact that the average repayment period on student loans has increased from 7.4 years in 1992 to 13.4 years today. So while monthly payments may be similar to what they were twenty years ago, they now last for almost double the time.