Business glossary
Net 60
A payment term stating that payment is due 60 calendar days after the specified starting date.
Example
If the agreed starting date is September 1, 2026, adding 60 calendar days gives October 31, 2026. State that date explicitly and agree on any adjustment for non-business days.
How it differs from related terms
Net 60 offers a longer payment period than Net 30. It is not a requirement to wait 60 days before following up on a dispute or missing invoice. Track the due date and outstanding balance separately.
Frequently asked questions
What is an example of net 60?
If the agreed starting date is September 1, 2026, adding 60 calendar days gives October 31, 2026. State that date explicitly and agree on any adjustment for non-business days.
How should net 60 be interpreted?
Net 60 offers a longer payment period than Net 30. It is not a requirement to wait 60 days before following up on a dispute or missing invoice. Track the due date and outstanding balance separately.