Price reduction or discount on bills paid early Terms of "2/10, Net 30," for example, means that a 2% discount is granted if the bill is paid within 10 days Otherwise, the entire amount is due within 30 days
Discount offered on merchandise sold to encourage prompt payment; offered by sellers of merchandise and represent sales discounts to the seller when they are used and purchase discounts to the purchaser of the merchandise (See p 222)
a reduction in the price of merchandise that is granted by a seller to a purchaser in exchange for the purchaser's making payment within a specified period of time called the discount period (p 227)
an allowance or deduction granted by the vendor that reduces the price of goods received This is typically used as an incentive to pay an invoice within a specific time frame
A form of discount in which customers paying cash, rather than buying on credit, pay lower prices
A percentage deduction from the purchase price; available to the credit customer who pays its account within a specified time (Chapter 14)
Reduction in cost of advertising space or time for cash payment, usually 2% of the net cost
a discount given to the buyer as an incentive to render immediate payment or payment within a specific time frame
A reduction in the price of an item for sale allowed if payment is made within a stipulated period. an amount by which a seller reduces a price if the buyer pays immediately or before a particular date
A discount offered to a purchaser in a store for paying in cash, as the retailer will avoid paying any transaction charges and will get the funds instantly Larger multiple stores are unlikely to offer cash discounts, as their transaction charges are calculated from head office
A reduction in sales or purchase price, allowed by a vendor, for payment before the due date of the bill It is generally expressed as a percentage of the billed price For example, a cash discount of"2/10 net 30" indicates a 2 percent price reduction given for payment within the first 10 days of a 30 day billing period
A reduction in the amount that has to be paid on an account payable or receivable if payment is made within a specified time limit
A reduction granted by a supplier from the invoice price in consideration of immediate payment or payment within a stipulated period