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Originally Posted by collie1228
A former GE finance guy here too. My favorite tactic at GE was when a vendor offered an early payment discount, GE would pay it late and take the discount too. Don't remember any of those vendors complaining (usually small guys who couldn't afford to take on GE). Sad.
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Yea that's why many of us vendors stopped that practice and switched to discounts given upon the receipt of pre pay. Never extend terms to a company who you know will not honor an agreement.