Results 1 to 2 of 2

Thread: cleared payment


    • Join Date: Jul 2005
    • Posts: 928
    • Post Thanks / Like
    #1

    cleared payment

    Hello,

    could you please tell me what "cleared payment" means in the following sentence:

    Payment in net cash or other cleared payment is due 30 days from the date of invoice.

    Does it mean cashless payment, bank transfer or something like that?

    Thank you very much.

    Hanka

  1. Ouisch's Avatar
    • Member Info
      • Member Type:
      • English Teacher
      • Native Language:
      • English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Mar 2006
    • Posts: 4,142
    • Post Thanks / Like
    #2

    Re: cleared payment

    They're referring to a payment made by means other than cash. For example, if someone pays by check, it usually takes at least five business days for it to "clear," that is, for the bank to confirm that the funds are available.

Similar Threads

  1. barely cleared the top
    By NewHope in forum Ask a Teacher
    Replies: 3
    Last Post: 07-May-2005, 06:37

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •