dating a former prisoner - Eom or end of month dating

The cash discount and the net credit periods be-gin on the first day of the following month rather than on the invoice date.

EOM terms are frequently stated in this manner: "2/10, net 20, EOM." Sup-pose an order is filled and shipped on June 16 under these terms.

The reason you purchased from this company is that they said you didn't have to pay right away.

They would send you an invoice, a bill, later on with how much you owe and the terms of payment.

For example, an invoice that is marked 2/10, n/30 EOM lists a cash discount, net payment terms, and a specific payment date. If the invoice is paid within the first ten days after receiving it, the seller will discount the order by 2 percent.

This ten day window is often called the discount period.

It is common for vendors to offer discounts to encourage prompt payment.

When deciding whether to take a payment discount, consider your availability of cash and if the merchandise is in and received.

Cash Discounts Cash discounts are a percentage deduction from the invoice cost before shipping.

They are noted as "X/Y/net Z" where: Variable Discounts To encourage early payment for goods, vendors sometimes offer a sliding scale of discounts called "variable discounts." Variable discounts are calculated as a percentage that is deducted from the invoice cost before shipping.

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End of month, often abbreviated EOM, is an attribute used in many business credit terms to describe the due date and time payment is required.

In such a case, the cash discount may be taken any time through July 10 and the net amount is due on July 30.

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