Fodder. Fodder or animal feed is any agricultural foodstuff used specifically to feed domesticated livestock, such as cattle, goats, sheep, horses, chickens and pigs. Most animal feed is from plants, but some is of animal origin.
Credit Period. The period of time during which a firm grants credit to a customer. At the end of the credit period, the customer is expected to have paid for all goods or services he/she has purchased.
The average payment period is a measurement of how long a time it takes on average for a business to pay back its creditors. Calculating this requires dividing the amount of credit purchases by the 365 days in a year, and then dividing this amount into the total accounts payable for the year.he average payment period is determined by dividing the accounts payable by the average credit purchases per day. In this case, it would be $60,000 USD divided by $2,000 USD, which yields a quotient of 30.