Standard payment terms that PTC accepts are 30 days Additional payment term promotions are run occasionally by Support, and other flexible financing options, like assignment of proceeds, are available
Rules used to calculate the due date and discount date for payment of a transaction based upon the invoice date
The time interval in which the University should pay an invoice See the attached the Payment_Terms_Explained pdf document for an explanation of the use of payment terms in the M-Pathways system
Terms under which buyer will pay seller for purchases Payment terms may range from cash-in-advance to open account with extended payment terms such as payment 120 days from date of purchase A common term is 2/10, N/30: 2% may be deducted from the face amount of the invoice if paid within 10 days, or the invoice must be paid in full in 30 days