In business, what does NT30 mean when it comes to payment terms?
Answer:
NT30 is a term use for bill paying. A lot of times, it is used with additional terms such as 2/10 Net 30. It means if you pay the invoice within 10 days, you can take a 10% discount. If not, the entire amount (NT30) is due in 30 days. Byound that, the invoice becomes pass due.
Net 30 means you ahve to pay it within 30 days
It means the total amount of the bill is due within 30 days
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