Net 30,

Definition of Net 30:

1. A specific type of trade credit where the payment is due in full 30 days after the item is purchased. Businesses will often offer a discount with this situation, to encourage the customer to pay quicker. For example, a business might offer a 2% discount if the customer pays within 15 days. On the bill, this would be written as 2/15 net 30.

How to use Net 30 in a sentence?

1. I did not realize that I was under a Net 30 agreement and would have to finish the transaction within 30 days.
2. The terms of payment were agreed to be NET 30 , some clients chose to pay in 45 days and that is fine too.
3. You need to always make sure that you get everything paid off within the time limit if you enter into any net 30 agreements.