General Business Policies for C.R. Laurence.
Credit Terms Terms are 2% 10th Prox. Net 25th. Return Goods It is our aim that our customers be completely satisfied with our products. Defective or damaged products will either be replaced or credited at your option. Order errors and over stock may also be returned but might be subjected to a 15% restocking fee depending on Royals ability to resale. Special ordered products may not be.
Terms of Sale (Terms of Payment) Rod Wheeland. NACM Commercial Services. Updated February 2, 2015. There are three standard elements to terms of sale: 1. The credit period; 2. The cash discount, if any; 3. The service or late charge, if any. The credit period, sometimes referred to as the net credit period or maturity, represents the time.
Payment terms are net 10th prox., without retention or set-off. Seller will submit invoices to Buyer upon each delivery of Materials pursuant the Agreement. Buyer’s obligation to pay Supplier will not be delayed or conditioned upon installation of the Materials furnished pursuant to the Agreement, Buyer’s receipt of payment from any third-party, or any disputes between Buyer and the Owner.
What does LID stand for? List of 204 LID definitions. Updated June 2020. Top LID abbreviation meaning: Low Impact Development.
Hi, I think I should have been a little more specific. I know how to enter discounts that are e.g. 2% discount if paid in 10 days. Net due in 30 days etc. Some vendors offer customers discounts that can be taken if paid by the 15th of the month following the month in which the invoice was issued.
Answer:: Prox is short for Proximo. Roughly translated from Latin, Proximo means next. Now, applied to an invoice you might see terms of 2% 10th Prox, Net 20th Prox and wonder what it means either as a seller or a buyer. The answer is surprisingly simple. It means the invoice in question will receive a 2% discount if paid by the 10th of the following month (the 'next' 10th) and is due net on.
Terms of Sale: Regular terms of sale - 1% 10th Prox Net 11th Prox. Payment Options. Cash or Check; Visa; Mastercard; American Express; Invoicing and Monthly Statements: Invoices are processed and mailed weekly. We close our books and cut off our billing on the 25th day of the month (or the last business day prior to the 25th); purchases through.