End of Month Dating (EOM)

Marketing dictionary

End of Month Dating (EOM)

The cash discount and the net credit periods be-gin on the first day of the following month rather than on the invoice date. EOM terms are frequently stated in this manner: "2/10, net 20, EOM." Sup-pose an order is filled and shipped on June 16 under these terms. In such a case, the cash discount may be taken any time through July 10 and the net amount is due on July 30. Source: AMA

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