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TeachMeFinance.com - explain Prompt historic definition... Prompt -- A commercial term, meaning the date fixed for payment. When goods are sold with a prompt the goods must be taken up and paid for on the date specified. Thus, when goods are sold with a 60-day prompt the buyer must receive and pay for the goods at the end of 60 days. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.