[Chugalug] OT: NET15 Terms

Eric Wolf ebwolf at gmail.com
Fri Dec 21 16:42:10 UTC 2012


What is your definition of "NET15 terms"? I always understood it as "the
payee should receive payment no later than 15 days after the payor receives
an invoice. Are there more "flexible" definitions, like:

Do you think acceptable definitions may include "the check is in the mail"
within 15 days? Or can it mean, "the payee has processed the invoice within
15 days and it will be paid on the next cycle"?
-Eric

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Eric B. Wolf                           720-334-7734
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