the 61st day and thus a purchase in transit for 7 days has now 53 days until payment is due to the seller. In certain markets such as the United Kingdom, a construction such as "net 30, end of the month" or "Net Monthly Account" indicates that payment in full is expected by the end of the month following the month of the invoice. See also Discounts and allowances Net (economics) Accounts payable and Accounts receivable References Payment terms Credit Procurement