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"Payment at 60 days net monthly account" means that payment for goods or services is due 60 days after the invoice date, with the total amount being settled in full at that time. This arrangement allows the buyer to manage cash flow by postponing payment until the end of the 60-day period. The term "net" indicates that the full invoice amount is payable without any deductions.
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What does Nett Monthly Account mean?
Nett Monthly Account - Payment due on last day of the month following the one in which the invoice is dated
What does ym30 in payment terms mean?
In payment terms, "YM30" typically stands for "Yearly Monthly, 30 days." This means that payments are expected to be made within 30 days of the end of each month, and the terms may apply on an annual basis. It is often used in business transactions to establish clear expectations for payment schedules.
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What does payment on account by a customer mean?
It means to make a partial of full payment without specifying an specific reason or invoice for the payment.
What does payment terms of 30 days DOI 60 days net mean?
In my area they mean payment is due 30 or 60 days from invoice date, respectively. -- days net or -- days DOI meaning the same thing.
What does Nett Monthly Account mean?
Nett Monthly Account - Payment due on last day of the month following the one in which the invoice is dated
What does 1111111 mean on your credit report payment history?
means your up to date with your monthly payments in the past 7 mths (past) 1111111 (present) if you have a 2s or 3s in the series of numbers ... ie) 111231121 it means you have been behind with your monthly payment that paticular month. 1s mean paid monthly payment on time 2s mean 30 days (missed one payment) 3s mean 60 days (missed two payments) 4s mean 90 days (missed three payments)
What does 30 days nett monthly mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised. It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What does net monthly 30 day mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised
What does it mean when your mortgage company says your taxes have been impounded?
This means that the mortgage company has included your taxes as part of your monthly payment. They take a portion of your payment every month, hold it in an account called an escrow account, and then disburse it according to the requirements of the county that your property resides in.
What does monthly payment mean?
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
What does 60 days nme mean?
"60 days NME" typically refers to a payment term in business transactions, indicating that payment is due within 60 days after the invoice date. "NME" stands for "net monthly end," meaning the payment is expected by the end of the month that falls 60 days from the invoice date. This term is often used in contracts and agreements to clarify payment timelines between parties.
What does ym30 in payment terms mean?
In payment terms, "YM30" typically stands for "Yearly Monthly, 30 days." This means that payments are expected to be made within 30 days of the end of each month, and the terms may apply on an annual basis. It is often used in business transactions to establish clear expectations for payment schedules.
What does it mean when a payment is posted?
When a payment is posted, it means that the payment has been recorded or entered into the recipient's account or financial records.
WHAT DOES CR MEAN IN A BANK STATAMENT?
Is a payment put in account
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What does applied payment transfer mean on a monthly child support statement?
Was your tax return taken?
