1. What is meant by the term 1.5/14 net 30?

1. If the invoice is paid within 14 days a discount of 1.5 percent can be taken, otherwise the invoice is due in 30 days.
2. If the invoice is paid within 30 days a discount of 14 percent can be taken, otherwise the invoice is due 14 days after that days.
3. If the invoice is paid within 1.5 days a discount of 14 percent can be taken, otherwise the invoice is due in 30 days.
4. If the invoice is paid right away, a discount of 14 percent can be taken, otherwise a discount of 1.5 percent can be taken if paid within the next 30 days.

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