1 10 Net 30 is one way of providing a cash discount. The name sounds fancy, but it’s just a short form definition that means if a bill is paid within 10 days, a 1% discount off the purchase price will be given. If not paid in 10 days, the total purchase amount is owed at 30 days. 1 10 Net 30 is a good way for a company to quickly get paid.
This tactic helps companies have steady cash flow. 1 10 Net 30 is just one of many discounts offered. They typically work the same way. For example, 2% 10 Net 30 implies a 2% discount for early payment.
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