Common terms in the US: Net 30 Net 30, 2% 10 - 2 percent discount for payment in 10 days Net 10 Due on receipt And, I am sure, many more. Bob Ammerman RAm Systems ----- Original Message ----- From: To: "Microcontroller discussion list - Public." Sent: Monday, August 30, 2004 4:15 PM Subject: [OT:] Standard trading terms > Along the same lines as the "Standard Billing" thread (but not wanting to > hijack it), what are the standard trading account terms in various > countries ? > > Also, when are the accounts actually paid and when would you expect > to get a phone call ? > I'm looking for what actually happens, rather than textbook answers. > If you sold something to a regular customer on each of these dates, > what would be the official payment due date, when would you generally > get paid, when would it be considered 30 days overdue and when would > you start chasing it up ? > > June 1 > June 10 > June 20 > June 30 > > For example - In new Zealand, the standard trading account terms are > "20th of the month following". (I have no idea why). > All of the accounts above would be due on July 20. Most places would > pay sometime between the 20th and the end of the month and I'd be on > the phone if i didn't have anything by about August 25 (depending on > history, etc). > > Thanks, > > Steve. > > > > _______________________________________________ > http://www.piclist.com > View/change your membership options at > http://mailman.mit.edu/mailman/listinfo/piclist _______________________________________________ http://www.piclist.com View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist