What does " 2/10 net 90 " mean in case of paymnet of contract amount????
2 Replies
Mukesh L.
(Industrial trainee)
(25 Points)
Replied 10 November 2010
Dear,
2/10 net 90 means
90 days credit period is allowed to customer/ client...
& If payment is made within 10 Days.....Then 2% Discount is to be given.
This term is very useful in Finance.
Thanks.
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