Discount: definition, example, and why it matters

Common types: early-payment (2/10 net 30 = 2% off if paid in 10 days), volume, loyalty, prompt-pay, and seasonal. Glo Invoice supports per-line and whole-invoice discounts with optional pre-tax application.

• Short definition. A reduction in price offered to a customer.
• Category. Discount is a business term used by service businesses when billing customers.
• How Glo Invoice handles it. Glo Invoice builds discount into the invoice itself, so you don't track it on paper or in a spreadsheet.

Frequently asked questions

What does discount mean?

Common types: early-payment (2/10 net 30 = 2% off if paid in 10 days), volume, loyalty, prompt-pay, and seasonal. Glo Invoice supports per-line and whole-invoice discounts with optional pre-tax application.

Related terms

• Payment terms — The rules a customer agrees to about how and when they'll pay.
• Invoice — A document a business sends a customer requesting payment for goods or services.