Business math definition of terms

What does time or term mean in business math?
The time period or term is the length of the financial transaction for which interest is charged or earned..
What is the term business math?
Business mathematics are mathematics used by commercial enterprises to record and manage business operations.
Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis..
Arithmetic is part of the everyday life of a business owner.
You'll need to be able to add, divide, subtract and multiply numbers to calculate your earnings, provide clients with estimates and pay your employees.

×Business math terms and definitions include:

Selling Price: The market price is taken to sell a product.
Cost Price: The original price of the product is the cost price.
Profit: If the selling price is more than the cost price, the difference in the prices is the profit.
Loss: If the selling price is less than the cost price, the difference in the prices is the loss.
Average: The sum of the values of the points in a data collection divided by the number of data points yields the average.
Constant Perpetuity: A never-ending sequence of identical monetary flows.
Correlation: A statistical measure of the movement of two securities in respect to one another.

What does time or term mean in business math?