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Discount card Sometimes a document, typically a plastic card similar to a payment card, is issued as proof of eligibility for discounts. Legally speaking, net 30 means that buyer will pay seller in full on or before the 30th calendar day (including weekends and holidays) of when the goods were dispatched by the seller or the services were fully provided.A discount is the value that deduct from a service or from goods.The idea from a seller s viewpoint is to offer some discount but have the buyer showing some counter action to earn this special discount.The word nitere (to shine) and net (sharp, neat, clean).a purchase in transit for 7 days before receipt has just 23 additional days until payment is due to the seller.Net 30 is a term that most business and municipalities (federal, state, and local) use in the United States. It is also known outside of Hawaii but in the Hawaiian islands as a resident discount.
The rationale for a senior discount offered by companies is that the customer is assumed to be retired and living on a limited income, and unlikely to be willing to pay full price; sales at reduced price are better than no sales.The same happens with net 60, but 60 days are given for payment, interest penalties begin on the 61st day and thus a purchase in transit for 7 days has now 53 days until payment is due to the seller..Retail price of a cream is 25 and trade discount is 2% on 25.See alsoDiscounts and allowances (Redirected from Payment terms) Senior Discount redirects here.In German the term Freundschaftspreis is commonly used.
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Net D This article (December 2012) net 30 and net 60 (often hyphenated net-10 and/or followed by days , e.