Advance Dating

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Advance Dating

An arrangement by which the seller sets a specific future date when the terms of sale become applicable. For example, the order may be placed on January 5 and the goods shipped on January 10, but under the terms "2/10, net 30 as of May 1." In this case, the discount and net periods are calculated from May 1. Season dating is another name for terms of this kind. Source: AMA

See: Future Dating Extra Dating Memorandum Purchase and Dating Ordinary Dating Proximo Dating Receipt-Of-Goods Dating

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