Cash Discount

Cash Discount - a cash discount is an offer made by a company, retailer, or manufactured offering a reduction in price if the item is paid for within a set time period.  For example a company may set a payment plan of net 30 days 3% 10 days... This means full payment is required in 30 days but if paid in 10 days, the consumer will save 3 percent.  The purpose of a cash discount is an attempt to get early payment for the purchased item. And to avoid credit card fees, which would normally be assed if the item was paid on credit