An accounts receivable practice that indicates a period between when a discount for early payment expires and the full amount is due. For example, a 30-day payable period with a 2% discount for payment within 10 days (read "2%/10, net 30") has a net period of 20 days.
Related information about net period:
- Net Period - Financial Dictionary - The Free Dictionary
The period of time between the end of the discount period and the date payment is due. Net Period. On a bill that carries a discount, the period of time between ...
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Sometimes referred to as a discount period, a net period is the interval between the date when a customer may apply a discount to the balance of an invoice and ...
- What is net period? definition and meaning
Definition of net period: An accounts receivable practice that indicates a period between when a discount for early payment expires and the full amount is due.
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