What is the shortest definition of the term "supplier credit"?

Receipt of good without payment  and payment after stipulated time as per mutal aggreement.  simply credit purchase. 

One of the cheapest and often misused form of company's financing with 0 % rate.

Goods or services received from a supplier on a commitment to pay for them later.

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The answers above are sufficient 

Supplier allows to purchase goods on credit

The limit of the amount allowed to the supplier to be settled in future.