What would the credit terms of 2/10 N EOM mean?

What would the credit terms of 2/10 N EOM mean? 2/10/EOM, n/60—means a buyer who pays by the 10th of the month following the month of purchase may deduct a 2% discount from the invoice price. If payment is not made within the discount period, the entire invoice price is due 60 days from the … Continue reading What would the credit terms of 2/10 N EOM mean?