Discount Period

Definition

The time window during which a buyer can take a cash discount for early payment (e.g., the "10" in "2/10, n/30").

Related Terms

Credit Terms

Payment terms for a credit purchase or sale. Example: "2/10, n/30" means take a 2% discount if paid within 10 days, otherwise full payment is due in 30 days.

Learn More About Accounting

Explore our free lessons and practice labs to master accounting concepts.

Browse Lessons View All Terms