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Net 10, net 15, net 30 and net 60 (often hyphenated "net-" and/or followed by "days", e.g., "net 10 days") are payment terms for trade credit, which specify that the net amount (the total outstanding on the invoice) is expected to be paid in full by the buyer within 10, 15, 30 or 60 days of the date when the goods are dispatched or the service is completed.
Net 10 can mean: NET10 Wireless , a prepaid mobile phone brand of TracFone Wireless , the U.S. MVNO subsidiary of América Móvil A trade credit notation (in Net D form) on an invoice stating full payment is due in 10 days
Net settlement is a multilateral transaction, [dubious – discuss] usually with the central bank for the currency being used. [10] All transactions included in a multilateral net settlement cycle are settled in one movement of funds representing the overall net position. [ 11 ]
2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
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Pages in category "Payment terms" ... Net D This page was last edited on 17 May 2023, at 14:01 (UTC). Text is available under the Creative Commons ...