[Chugalug] OT: NET15 Terms

Rip Linton ripl at aol.com
Fri Dec 21 20:45:16 UTC 2012

 I always use Net 15 terms and I expect the payment to be received  within 15 days from the day they receive the invoice.



-----Original Message-----
From: Eric Wolf <ebwolf at gmail.com>
To: CHUGALUG <chugalug at chugalug.org>
Sent: Fri, Dec 21, 2012 11:42 am
Subject: [Chugalug] OT: NET15 Terms

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 B. Wolf                           720-334-7734

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