Question: What does 2 / 1 5 mean, with respect to credit terms of 2 1 5 , n 3 0 ? An

What does "2/15" mean, with respect to "credit terms of 215,n30"?
An interest of 2% will be allowed if invoice is paid within 15 days from the date of invoice.
A discount of 10% will be allowed if invoice is paid within 2 days from the date of invoice.
An interest of 10% will be charged if invoice is paid after 2 days.
 What does "2/15" mean, with respect to "credit terms of 215,n30"?

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