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Business Letter Writing: Account Terms and Conditions



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Business Letter Writing: Account Terms and Conditions 
The following letter outlines the terms of a newly opened business account. 
 
Useful Key Phrases 
• Thank you for opening an account with 
• I would like to take this opportunity 
• Invoices are payable within 
• As, I will be happy to answer any questions you may have regarding 
• and therefore encourage the use of 
• We consider this incentive 
 
Example letter 
Dear ____, 
Thank you for opening an account with our company. As one of the leaders in this 
industry, we can assure you that our products and our services will not disappoint you. 
I would like to take this opportunity to briefly set forth our terms and conditions for 
maintaining an open account with our firm. Invoices are payable within 30 days of re-
ceipt, with a 2% discount available if your payment is remitted within ten (10) days of 
receipt. We consider this incentive an excellent opportunity for our customers to increase 
their profit margin, and therefore encourage the use of this discount privilege whenever 
possible. We do, however, require that our invoices be paid within the specified time, for 
our customers to take advantage of this 2% discount. 
At various times throughout the year we may offer our customers additional dis-
counts on our products. In determining your cost in this case, you must apply your special 
discount first, and then calculate your 2% discount for early payment. 
As the credit manager, I will be happy to answer any questions you may have re-
garding your new account. I can be reached at the above number. Welcome to our family 
of customers. 


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