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Dictionary by pitch.dog
Commercial terms & deal structure · Core

Net 30

Also called: thirty-day terms

ELI5

A payment term requiring payment within thirty days of the relevant invoice date or event.

Used in conversation

“Do not describe net 30 as agreed until the operative document says so.”

Pitch context

You will see “Net 30” in go-to-market plans, sales forecasts, account reviews and commercial proposals when the discussion reaches commercial terms & deal structure.

Why it matters: In commercial terms & deal structure, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 3

Direct term-level sources and supporting source families.