Examlex
All of the following represent good hygiene practices except:
Selling Price
The amount of money charged to the buyer for a product or service, typically set above the cost to include a profit margin.
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.
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