Three of the four stages of cellular respiration produce ATP. The first stage, glycolysis, occurs in the cytoplasm of the cell. During this stage, one glucose molecule is broken into two pyruvic acid molecules. This results in the production of two ATP molecules for every glucose used.
progress payment. Payment made as work progresses under a contract, upon the basis of costs incurred, of percentage of completion accomplished, or of a particular stage of completion.
payment terms. The conditions under which a seller will complete a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, a deferred payment period of 30 days or more, or other similar provisions.