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Thread: meaning


    • Join Date: Jul 2005
    • Posts: 928
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    #1

    meaning

    Hi,

    I am not sure about the meaning of the last sentence. Could you please help me:

    Payment terms:
    Payment terms are net 75 days from receipt of invoice. Payment will be scheduled for the first payment cycle following the net terms of this agreement.

    Thanks a lot!

    Hanka


    • Join Date: Oct 2006
    • Posts: 19,448
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    #2

    Re: meaning

    Quote Originally Posted by Hanka View Post
    Hi,

    I am not sure about the meaning of the last sentence. Could you please help me:

    Payment terms:
    Payment terms are net 75 days from receipt of invoice. Payment will be scheduled for the first payment cycle following the net terms of this agreement.

    Thanks a lot!

    Hanka
    To be honest, I am not at all sure what is meant by "the net terms of this agreement" nor "first payment cycle".

    My interpretation:

    Payment is to be made within the stated period for the payment terms of this agreement [ie within the 75 days credit period]

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