blonde moment - what is 12/10 wholesale term?

[ Follow Ups ] [ CraftSmarts Message Forum ] [ FAQ ]

Posted by June on May 23, 2002 at 11:46:07:

This question was raised on another board, and I must be having a blonde moment, because I vaguely remember the term, but then it gets cloudy.

It's been many years since I was the Retailer, buying wholesale. If memory serves me correctly, I think this has something to do with Christmas orders - shipped in October - payment due in December.

Someone posted to the other board that this was payment in 12 days/ 10% invoice discount. That just doesn't sound right to me, but as I said, it's been a long time since I was making major buys for the Christmas season.

Follow Ups:

[ Follow Ups ] [ CraftSmarts Message Forum ] [ FAQ ]