An Invoice with the Credit Terms 3/10, N/30 Means That

question 129

True/False

An invoice with the credit terms 3/10, n/30 means that the customer has 3 days to take a 10% discount off of the invoice total.

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Definitions:

Securities and Exchange Commission

A U.S. federal agency responsible for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other related activities.

Asset-backed Securities

Financial instruments backed by a pool of assets, such as loans or receivables, which generate revenue for investors.

Executive Compensation

The financial pay and benefits provided to executives, including salaries, bonuses, stocks, and other compensation forms.

Ancillary Relief

Secondary legal remedies or supports requested in a lawsuit, often relating to financial support or property distribution in family law.