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2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
The origin of the term is unknown. [1] [2] One theory is that the journalistic employment of -30- originated from the number's use during the American Civil War era in the 92 Code of telegraphic shorthand, where it signified the end of a transmission [3] and that it found further favor when it was included in the Phillips Code of abbreviations ...
The current average interest rate for a 30-year fixed mortgage is 7.13% for purchase and 7.15% for refinance — up 11 basis points from 7.02% for purchase and from 7.04% for refinance last Wednesday.