answersLogoWhite

0

If you mean on a contract that you need to pay (invoice), it probably has something like 2/10 net 30. If this is what you are talking about it means that you can take a 2% discount if it is paid within 10 days, otherwise the "net" amount is due in 30 days.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Math & Arithmetic

What does net mean in math terms for 7th grade?

Net means.the amount of units squared will fit around a box with out over lapping and having enough for the sides to.


What does mns-2 mean as far as payment terms?

MNS-2 typically refers to specific payment terms in a contractual context, often indicating a payment schedule or conditions. It can denote that payment is due within a certain number of days after the invoice date, such as "net 30" or "net 60," meaning payment is expected within 30 or 60 days, respectively. The exact interpretation can vary depending on the industry or agreement in question, so it's essential to refer to the specific contract for precise terms.


What does the term PB in international trading mean?

Performance bond A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled. Usually part of a construction contract or supply agreement.


What does Escalation terms for months 13-36 mean?

Escalation terms for months 13-36 refer to the conditions under which the pricing or terms of a contract may increase during the second and third years of a multi-year agreement. This typically applies to agreements such as leases, service contracts, or subscriptions, where costs may be adjusted annually based on factors like inflation, market rates, or agreed-upon percentages. Understanding these terms is crucial for budgeting and financial planning, as they impact overall costs over the duration of the contract. It’s important to review the specific language in the contract to determine how these escalations are calculated.


What does the net of a cube mean?

The net of a cube is a 2 dimensional representation of it.

Related Questions

What does no long term contract mean?

it means no long terms lol


Does an executed contract have two meanings?

"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.


What is the difference between breach of contract and discharge of contract?

Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.


What is the meaning of Net 7 terms vs Net 30 Terms?

Net 7 terms mean that payment is due within seven days of the invoice date, while Net 30 terms indicate that payment is expected within thirty days. These terms are commonly used in business transactions to set clear expectations regarding payment timelines. Shorter payment terms, like Net 7, can help improve cash flow for suppliers, while longer terms, like Net 30, provide buyers with more time to manage their finances.


What does it mean for a customer if they purchase 250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?

What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?


What does it mean for a customer if they purchase 250.00 worth of supplies on the 3rd day of the month and terms are net 30 days?

What does it mean for a customer if they purchase $250.00 worth of supplies on the 3rd day of the month and the terms are Net 30 Days?


What is the main terms of contract?

contract is contract


What are the terms gross pay net mean?

Gross pay is pay before taxes have been deducted were net pay is after taxes.


What is Net 25th in payment Terms mean?

It means you pay on the 25th of each month


What does 2 percent 2nd 10th net 30 payment terms mean?

stupud


What does net change mean in math terms?

when you are finished with everything what is the difference from where you started to when you ended


Do you agree to the terms of this contract by signing it?

Yes, do you agree to the terms of this contract by signing it?