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.
This is often referred to as the cash discount period. If the discount isnt taken, the customer must pay the full invoice amount within 30 days of the purchase. This 30-day credit period is a sort of short-term financing for the customer.