What is the term for n/30?
submitted by Mac A. Roni

Hans Klopek

That's called a discount rate. n/30 means that if the company pays the full cost of their balance if they pay before 30 days. After 30 days, of course, additional fees would be applied.

This type of statement is usually accompanied by something like 2/15, which means they get a 2% discount if they pay before 15 days is up. So, all together, the statement might look like this: 2/15, n/30. Those are the terms of the payment.

Asuna- san

n/30 means you have to pay your payable within the indicated number. (In this example, you have 30 days.) If not, you will be charged an additional amount.

emory

That refers to the due date of a payment agreement.

emilie d

n/30 means that the merchant expects the buyer to make payment in full within 30 days of the invoice date.