Trade credit usually involves an agreement between the buyer and the supplier where the payment is deferred for a specified period. Common terms include "Net 30," "Net 60," or "Net 90," indicating the number of days the buyer has to pay the invoice. Some suppliers may offer a discount for early payment, such as "2/10 Net 30," which means a 2% discount is available if payment is made within 10 days; otherwise, the full amount is due in 30 days.