[Chugalug] OT: NET15 Terms

Aaron Welch n2nightfall at gmail.com
Fri Dec 21 16:54:34 UTC 2012

It is invoiced, but payment is due within 15 days.  I assess penalties if it is late.


On Dec 21, 2012, at 11:42 AM, Eric Wolf <ebwolf at gmail.com> wrote:

> 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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