0
MNS2-3 is a payment term often used in business transactions, particularly in the context of credit terms. It typically indicates a net payment due within 30 days, with a potential discount if paid within a specified period, usually 2 or 3 days. This encourages early payment from buyers while establishing a clear timeframe for settling invoices. Always confirm specific terms with your supplier or contract, as variations may exist.
What else can I help you with?
What is the definition of the payment term msn-2-3?
I believe it means the payment is made on the 2nd of the 3rd month following the date of invoice.
What does the term net 5th of the month mean?
The term "net 5th of the month" typically refers to a payment schedule where payments are due on the 5th day of each month. It is often used in business transactions or rental agreements, indicating that the net amount owed must be paid by this specified date. The term "net" suggests that the payment is made after any deductions, such as taxes or fees, have been accounted for.
What does the term anuity mean?
Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.
What is fifth 3RD prox payment?
The fifth 3RD prox payment typically refers to the fifth payment made under a third-party payment structure in a specific contract or agreement, often related to finance or accounting. In a 3RD prox payment system, payments are made based on the services rendered or goods delivered, usually in arrears. The exact details can vary depending on the context, such as the specific terms of the contract or the industry involved. For precise information, it would be best to refer to the specific agreement or context in which this term is used.
How much is a 25 percent payment?
It depends on how much the payment is. If the payment is 100$, 25% is 25$ and in all you will have to pay 125% which is 125$.
What does ADF in a payment term stand for?
After Deducting Freight (People seem to make their own payment term abbreviations!)
What is the term for payment for a speech?
Honorarium.
What is the term used to describe the fixed payment of interest on a bond?
Coupon Payment
What is ZMN2 payment term?
Payment settled on 2nd day, 2nd Month
What term refers to a large final payment due at the end of a loan?
Balloon Payment
What is CAD shipments?
CAD payment term
What is poetic term for reward or payment?
guerdons
Payment on a long-term note payable affects working capital whereas payment on a short-term note payable does not why?
Foolish questions are not answered
The term correct when applied to Certifying Official duties mean that?
the payment is not a duplicate of a previous payment
What does 30 days nett monthly mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised. It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
Which term is defined as payment for damages?
Restitution is the term defined as payment for damages, typically as a way to restore the injured party to the position they were in before the harm occurred.
What does the payment term net 5th of 3rd month mean?
The payment term "net 5th of 3rd month" means that payment is due on the 5th day of the third month following the invoice date. For example, if the invoice is dated in January, the payment would be due on March 5th. This term gives the buyer additional time to settle the invoice compared to standard net payment terms, which typically require payment within a month.
