1%/10 Net 30
1%/10 Net 30 refers to a payment term often used in commercial transactions. It outlines the conditions and incentives for early payment. 1%: This refers to a discount the seller offers the buyer as an incentive for early payment. In this case, the discount is 1% of the invoice value. 10: This number represents the days the buyer must pay to be eligible for the discount. In this case, the buyer has ten days to make the payment. Net 30: This term indicates the standard payment period in which the buyer is required to make the full payment. In this case, the buyer has a maximum of 30 days to settle the invoice without any discount fully.