Yeah; corporations are given far greater timescales for
repayment than citizens are. This holds true for any service.
A citizen might get terms that are absolute: Pay by this days or
service is over.
Or maybe you can some leeway. 14 day grace period, 28 day grace
period. But then *click*.
But if you run a business and have a corporate account, you get
much longer terms.
Some of it is understandable; the complexity of business
accounting is... complex.. and the red tape takes time to
navigate.
So it's not _exactly_ identical in every way. Net 30, Net 60,
Net 90 - are common terms, and some companies have much longer
credit terms where they are allowed to trickle late payments in
over the span of many many years.
This is considered acceptable because, theoretically, these
payments are steady, standard, and the utility or service
company can theoretically depend on them and build their budgets
off of them.
Example: If they know they're getting $1000 a month from a large
corporation, even if they own tens of thousands in lateness,
they'd rather have the $1000 a month steady income than shoot
for the whole thing and get nothing. [corporation changes hands,
utility/service company loses 100%].
But individuals have very unsteady incomes.
This is likely how the thinking goes.
I also think it's ridiculous; and it is unfair that corporations
get this level of advantage.
