Terms 2 10 N 30 Meaning

N30 or net 30 represents the other option to pay the amount due in full within 30 days.

Terms 2 10 n 30 meaning. 10 qualifies for the discount. 30 with the terms as 2 10 net 30 payment by dec. What is the definition of 2 10 net 30 credit terms. The term 2 10 n 30 is a typical credit term and means the following.

First ensure that you are within the time period for the discount by adding the number of days to the date on the invoice. 2 shows the discount percentage offered by the seller. This amounts to a sizable interest rate for paying quickly. For an invoice dated nov.

In this case the discount is 2 percent so multiply the total bill by 0 98 to determine the amount of payment. The goal of 2 10 is to encourage early. 10 indicates the number of days from the invoice date within which the buyer should pay the invoice in order to receive the discount. This is the cash discount terms for a credit transaction.

2 10 or 1 10 n 30 are discounts that offer an incentive for a customer to pay for purchases in a timely manner. What does 2 10 net 30 mean.