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Vmtnezgil Posted 22 years ago
Vocabulary
Out-of-pocket/30 days net
What is the meaning of out-of-pocket/30 days net in this sentence?
Out-of-pocket expenses shall be paid by consultant and payment terms shall be thirty days net from receipt of invoice.
thanks
Out-of-pocket expenses shall be paid by consultant and payment terms shall be thirty days net from receipt of invoice.
thanks
Top answer
e. costs incurred in the course of doing the job. g.
- e.
- costs incurred in the course of doing the job.
- g.
- if the invoice is paid within 30 days of receiving it, interest won't be charged.
- MrP
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1 Answers
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Hello V
Out-of-pocket expenses are incidental expenses such as travel costs, subsistence allowance, etc depending on the terms of the contract - i.e. costs incurred in the course of doing the job.
Net here means 'free from further charges', e.g. if the invoice is paid within 30 days of receiving it, interest won't be charged.
MrP
Out-of-pocket expenses are incidental expenses such as travel costs, subsistence allowance, etc depending on the terms of the contract - i.e. costs incurred in the course of doing the job.
Net here means 'free from further charges', e.g. if the invoice is paid within 30 days of receiving it, interest won't be charged.
MrP
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