Talk:Net D

legal validity?

"Legally speaking, net 30 means that buyer will pay seller in full on or before the 30th calendar day (including weekends and holidays) of when the goods were dispatched by the seller or the services were fully provided." Can somebody tell me which jurisdiction this application comes from? UK, US, wherever..? For example, in Germany (B2B, if that is relevant), payment terms begin with receipt of the invoice, not goods dispatch. — Preceding unsigned comment added by 195.50.96.195 (talk) 17:48, 27 January 2015 (UTC)

days?

Calendar days or business days? How are holidays treated? (at the location specified by contract document, default the service / goods provider?

2nd para

the 2nd para talks about net 30 in relation to software products, but this term is used in many other types of business. If you know this subject well, please try to generalize this para. ike9898 20:31, 17 October 2006 (UTC)

The second paragraph is just plain wrong. Payment provisions like "net 30" have NOTHING to do with the right to cancel. The two can have different time periods. You can have a net 30 payment clause without a right to cancel at all. I am deleting it.

UK example

I've never seen an invoice marked up in the style of "Net 30, end of month" as per the example given. Some people might use it here in the UK, but it is does not seem to be common. — Preceding unsigned comment added by Matbennett (talk • contribs) 12:14, 22 September 2014 (UTC)

Widely Understood Meaning

I am interested in reading about "best practices" in the payment of Net 30 terms.

While the textbook definition implies payment is "expected to be received in full" on the 30th day, I find this to rarely be true practice. Often times companies interpret this to mean "payment must be issued by the 30th day." To this, companies add mailing time.

In the case of at least one company I know, payment is issued weekly for all Net 30 invoices due on or before the date of payment. Thus, invoices are automatically aged from 30-36 days, and then mailed. Domestic payees receive payment 1-5 days later, based on the US mail cycle.

Is this a "best practice," a "widely understood definition" or "just plain wrong?

Mstefaniak 12:45, 22 March 2007 (UTC)

Kudos for making this article

Thanks to whoever made this article. For a long time I was not able to find what "net 30" meant, and a lot of dictionaries skipped over it. Does anyone know what "net" is supposed to mean? No Earlier Than? -Rolypolyman 21:19, 4 September 2007 (UTC)

The word "net" in this case means 'total after all discounts.' See Net_(economics). -Kadin2048 (talk) 18:21, 5 May 2009 (UTC)

Ditto. Very useful. --Zaurus (talk) 17:53, 4 September 2018 (UTC)

What is with that last calculation?

The last calculation makes no sense. What was the author trying to say there? As is, it sounds like if you don't pay early, you pay ~37% more at the 30 day mark. 75.177.180.229 (talk) 15:54, 17 March 2008 (UTC)

I also would like clarification on this part of the article. 88.110.57.58 (talk) 15:11, 13 May 2008

Ayaan Ahmad (UTC)