Quote:
Originally Posted by CFrance
What does "net 30" mean?
|
Net 30 is a payment term. You see this very often in corporate business. In this case, the purchaser has 30 days to make payment of net amount (full payment). There are several payment terms that offer discounts if paid earlier. 5/10 n30 is a 5% discount if paid within 10 days of service provided or product delivered and then net amount due after 30 days.