Net can also apply to the total due on an invoice. The net value of goods or services itemized on an invoice is their value before tax or other fees. The net value tells the customer or client how much they’re paying for an item or service before tax. What Does Net 10 Mean on an...
The “2” in the term signifies a discount of 2%, and the “10” signifies a period of 10 days. This means that if the buyer is able to fulfill the invoice amount of the trade credit within 10 days of purchase, the seller will extend a 2% discount on the net price. On the other...
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While 30 days repayment time benefits clients, it’s ultimately safer for suppliers to get payments faster. Outstanding money always carries risk. What Does 1/10 Net 30 Mean? 1/10 net 30 means that a buyer gets a 1% discount if the total balance is paid within 10 days. If not, then ...