See Also: Terms of Sale Net 30 Credit Terms Cost Recovery 2/10 net 30 Down Payment Define Payment Terms Define payment terms as the terms required for payment on a product, are a function of the service offering of a vendor. These terms are an extension of how a vendor wants to treat a customer.
See Also: 2/10 net 30 2/10 Net 30 Example Mary has started a processing plant for natural vegan snacks. In her business, equipment does all of the heavy lifting that human resources can not. Mary has purchased many pieces of equipment. One of these is a large oven to bake her healthy snacks in. She
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