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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.
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 net capacity factor is the unitless ratio of actual electrical energy output over a given period of time to the theoretical maximum electrical energy output over that period. [ 1] The theoretical maximum energy output of a given installation is defined as that due to its continuous operation at full nameplate capacity over the relevant period.
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Royalty payment. A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and ...
Grading (earthworks) Section through railway track and foundation showing the sub-grade. Grading in civil engineering and landscape architectural construction is the work of ensuring a level base, or one with a specified slope, [ 1] for a construction work such as a foundation, the base course for a road or a railway, or landscape and garden ...
Construction is a general term meaning the art and science of forming objects, systems, or organizations. [ 1] It comes from the Latin word constructio (from com- "together" and struere "to pile up") and Old French construction. [ 2] To 'construct' is a verb: the act of building, and the noun is construction: how something is built or the ...
Last month’s job growth was far, far softer than expected, and the unemployment rate shot to its highest level since October 2021, according to new data released Friday by the Bureau of Labor ...