Question: What does 2 EOM mean?

• 2/10/EOM, n/60—means a buyer who pays by the 10th of the month following the month of purchase may deduct a 2% discount from the invoice price. If payment is not made within the discount period, the entire invoice price is due 60 days from the invoice date.

What does Net 2nd EOM mean?

Net means that the full amount is due for payment. The abbreviation EOM means that the payer must issue payment within a certain number of days following the end of the month. Thus, terms of net 10 EOM mean that payment must be made in full within 10 days following the end of the month.

What is 15 EOM?

End of month terms. The abbreviation EOM means that the payer must issue payment within a certain number of days following the end of the month. 15, EOM means the gross amount should be received by the fifteenth day after the end of the month of the invoice.

What do the credit terms 2/15 N 30 mean?

Transcribed image text: The credit terms, 2/15, n/30, indicate that a: fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale. two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day.

What is the meaning of 2/10 net 30?

2/10 net 30 is a trade credit offered by the seller to the buyer for their purchase. If a buyer is able to pay an invoice in full within the first ten days, they will receive a 2 percent discount on the net amount.

What is meant by the term 1.5 14 net 30?

If the invoice is paid within 1.5 days, a discount of 14 percent can be taken; otherwise the invoice is due in 30 days. If the invoice is paid within 30 days, a discount of 14 percent can be taken; otherwise the invoice is due 14 days after that day O c· lf the invoice is paid right away, a discount of 14.

What does N 30 terms mean?

Net days is a term used in payments to represent when the payment is due, in contrast to the date that the goods/services were delivered. So, when you see “net 30” on an invoice, it means that the client can pay up to 30 calendar days (not business days) after they have been billed.

What do credit terms of 2/10 N 30 indicate?

Simply put, 2/10 net 30 is a trade credit offered by the seller to the buyer for their purchase. If a buyer is able to pay an invoice in full within the first ten days, they will receive a 2 percent discount on the net amount.

What does the term n 30 mean?

Net days is a term used in payments to represent when the payment is due, in contrast to the date that the goods/services were delivered. So, when you see “net 30” on an invoice, it means that the client can pay up to 30 calendar days (not business days) after they have been billed.

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