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You're reading What is another word or term that I can use to replace, "Due on Receipt"? I want to describe payment terms. Other terms that I am using are "Net 30", "Net 60", Net 90", obviously I am using "Due on Receipt", as well as "1% 10 Net 30" and "2% 10 Net 30".
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Well, I was actually looking for a term that I could use to describe our vendors payment terms. I am thinking that maybe POS might work. POS meaning Point of Sale. Or TOS, Time of Sale. What do you think?
by sadgurl on February 9th, 2009
I dislike acronyms because they can be ambiguous, and legally seen that way.
You can, set terms without giving c/s any option by mailing invoice 10 days after POS and saying:
Terms: due upon reciept
Or, you could leave this:
Terms: 15 days from Time of Sale (TOS)
printed on invoice, packing slips, on computer and printed statements
by cunning stunt who u calling chicken on February 9th, 2009