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If a proper invoice is received after the 25th day of the month, payment is due on the 7th day of the second calendar month. 2/15 net 40 ROG - this means the buyer must pay within 40 days of receipt of goods, but will receive a 2% discount if paid in 15 days of the invoice date. (ROG is short for "receipt of goods".)
Net 10, net 15, net 30 and net 60 (often hyphenated "net-" and/or followed by "days", e.g., "net 10 days") are payment terms for trade credit, which specify that the net amount (the total outstanding on the invoice) is expected to be paid in full by the buyer within 10, 15, 30 or 60 days of the date when the goods are dispatched or the service is completed.
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond. [ 1 ] Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value . [ 2 ]
The Fisher Space Pen was not commissioned by NASA at a cost of millions of dollars, while the Soviets used pencils. It was independently developed by Paul C. Fisher, founder of the Fisher Pen Company, with $1 million of his own funds. [19] NASA tested and approved the pen for space use, then purchased 400 pens at $6 per pen. [20]
The New York Central Railroad (reporting mark NYC) was a railroad primarily operating in the Great Lakes and Mid-Atlantic regions of the United States. The railroad primarily connected greater New York and Boston in the east with Chicago and St. Louis in the Midwest, along with the intermediate cities of Albany, Buffalo, Cleveland, Cincinnati, Detroit, Rochester and Syracuse.
Pennsylvania (/ ˌ p ɛ n s ɪ l ˈ v eɪ n i ə / ⓘ PEN-sil-VAY-nee-ə, lit. ' Penn's forest country '), officially the Commonwealth of Pennsylvania [b] (Pennsylvania Dutch: Pennsilfaani), [7] is a U.S. state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.
The National Minimum Drinking Age Act of 1984 (23 U.S.C. § 158) was passed by the United States Congress and was later signed into law by President Ronald Reagan on July 17, 1984. [ 1 ] [ 2 ] [ 3 ] The act would punish any state that allowed persons under 21 years to purchase alcoholic beverages by reducing its annual federal highway ...
From February 15 to June 19, 1964, voters of the Republican Party elected 1,308 delegates to the 1964 Republican National Convention through a series of delegate selection primaries and caucuses, for the purpose of determining the party's nominee for president in the 1964 United States presidential election.
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