The terms 2/10,net 45 offer

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Quizplus · Accepted Answer

The terms "2/10, net 45" mean that the buyer will receive a 2% discount if payment is made within 10 days of the invoice date, otherwise the full amount is due within 45 days. The option of a 2% discount is preferable to paying the full amount, but the time window is short at only 10 days. However, waiting the full 45 days would mean missing out on the discount entirely. Therefore, the best choice is to take advantage of the discount offer and pay within the 10-day window.

The Terms 2/10,net 45 Offer