Credit Terms
Here is a list of commonly used invoicing & payment terms, with their accepted meanings:
| Net monthly account |
Payment due on the last day of the month following the one in which the invoice is dated |
| Net 7 Days |
Payment seven days after invoice |
| Net 30 Days |
Payment 30 days after invoice |
| Net 60 Days |
Payment 60 days after invoice |
| Net 90 Days |
Payment 90 days after invoice |
| COD |
Cash on delivery |
| Cash account |
Account conducted on a cash basis, no credit |
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