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A price reduction offered for settling an invoice ahead of terms.
An early payment discount — quoted as 2/10 net 30, meaning 2% off if paid within 10 days instead of 30 — rewards fast settlement. It is common where suppliers value cash certainty over margin.
The implied annual return is high, often above 35%, which usually beats what the cash earns elsewhere. Capturing it depends on invoices being approved fast enough to hit the window.
Annualised benefit = (Discount % ÷ (100 − Discount %)) × (365 ÷ Days saved)
2/10 net 30 works out near 37% annualised.
Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.