what is the meaning of 2/10 net 30 in factoring.
in one problem i read the sentence " the company credit policy os 2/10 net 30"
i can't understand the meaning of this
plz reply
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SFM (factoring) plz help me
Replies (5)
it means 2% discount for payment within 10 days . . . .maximum credit period is 30 days
AGREE WITH ABOVE
thanks sahil & valji sir
also thanks for quick reply
means the credit period is of 30 days...but in case the payment is made within 10 days , 2% discount will be given...
thanks sunshine
plz also see my reply on last topic post by me
/forum/sfm-lease-financing-plz-help-152237.asp
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