Check Point easy2Comply. A Chief Technology Officer (CTO) is the individual within an organization who oversees current technology and creates relevant policy. A CTO should have the business knowledge necessary to align technology-related decisions with the organization's goals.n April 2009, President Barack Obama named Aneesh Chopra the first Chief Technology Officer of the United States. The particular focus of the first national CTO was to use applied technology to stimulate job creation, improve healthcare and security systems, and also to increase broadband access.
Average payment period. Average payment period means the average period taken by the company in making payments to its creditors. It is computed by dividing the number of working days in a year by creditors turnover ratio. Some other formulas for its computation are give below:
What it is: The grace period is the window of time from the end of your billing cycle to the due date for that cycle. Paying your new balance in full by the due date triggers a break on interest on new purchases during the current billing cycle -- if you pay in full consistently.redit cards aren't required to provide a grace period, but almost all of them do, with the typical period being at least 25 days -- the norm for major issuers. If your due date falls on a weekend, the deadline extends to the next business day.