Venkatesh Rao@vgr·Dec 8, 2016🤔Quote TweetPeter Laudenslager@peterl·Dec 8, 2016Replying to @vgrmy dad used to get govt invoice paid quickly by offering discount for paying < 30 days. Govt was required by law to take advantage128
Venkatesh Rao@vgr·Dec 8, 2016Replying to @doriantaylorif the contract is net 60 but you offer a discount for net 30 you have this hack2
dorian@doriantaylor·Dec 8, 2016Replying to @doriantaylor and @vgrlike the term net-whatever comes from trade credit: pay in full N days hence or get a discount in return for paying it sooner1
Venkatesh Rao@vgrReplying to @doriantaylorhmm didn't know that. Where do you specify terms of discounting schedule?3:52 AM · Dec 8, 2016
dorian@doriantaylor·Dec 8, 2016Replying to @vgryou would say 2% 10 net 30 to indicate a 2% discount for payment within 10 days1