Examlex
As organizations continue to focus more and more on their core competencies and outsource noncore activities, they come to recognize that many of their necessary transportation and logistics services can, and should, be outsourced to experts specializing in transportation and logistics services.
Credit Terms
The conditions under which a seller will extend credit to a buyer, including the repayment period, interest rate, and the amount of payment.
Net 20
A payment term indicating that the full payment is due within 20 days from the invoice date.
2/10
A common trade credit term indicating a 2% discount if payment is made within 10 days; otherwise, the full amount is due in 30 days.
Net 30 Day Credit
A payment term indicating that the full payment is due within 30 days from the invoice date.
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