net 30

Definition

A notation used to express trade credits offered to encourage early payments on invoices or bills. Since most payment periods are 30 days, a business might offer a five percent discount if the amount is paid within ten days. This condition would be expressed on the bill or invoice as 5/10 net 30.

Use net 30 in a sentence

If you are doing business with someone you may want to use net 30 as payment instead of a traditional way.

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The terms of the project that were stated on the invoice was NET 30 however if the client wanted to pay later that is fine too.

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I wanted to know what Net 30 was and when he called my brother all I could understand was that it had to do with notation and payments.

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net net accounts receivable