Glossary entry (derived from question below)
English term or phrase:
30 day account
English answer:
within 30 days after the invoice date
Added to glossary by
Phong Le
Nov 9, 2007 02:32
17 yrs ago
2 viewers *
English term
30 day account
English
Law/Patents
Law: Contract(s)
Please can you explain the meaning of that phrase in below part of the contract, Thank you.
II. TERMS OF PAYMENT
30 day account
Inclusions
The following items are included in the contract:
Exclusions
The following items are not included in the contract:
II. TERMS OF PAYMENT
30 day account
Inclusions
The following items are included in the contract:
Exclusions
The following items are not included in the contract:
Responses
+4
3 hrs
Selected
within 30 days after the invoice date
One meaning of account (oxford dictionary):
account = a bill for goods or services provided over a period.
So, "30 day account" = "30 day invoice"; the most possible date is then the date of the invoice.
account = a bill for goods or services provided over a period.
So, "30 day account" = "30 day invoice"; the most possible date is then the date of the invoice.
4 KudoZ points awarded for this answer.
Comment: "That's what i think. Thank you all"
1 hr
Open account, 30 days
Payment will be made 30 days from delivery/invoice or Bill of lading.
13 hrs
Client has the right to take up to 30 days to pay without incurring penalities or interest
It is possible more favoured clients are given 60-day accounts, which means they have 2 months to pay before being dunned.
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