Credit Terms Cash Discount Period The period of time during which a cash discount can be taken for early payment. For example, ?/10 allows a cash discount in the first 10 days from the invoice date Cash Discount -a percent(%)reduction in sales or purchase price allowed for early payment of invoices. For example, ? 107allows the customer to take a 2% cash discount during the cash discount period 10-1610-16 Credit Terms Cash Discount -- A percent (%) reduction in sales or purchase price allowed for early payment of invoices. For example, ? / 10?allows the customer to take a 2% cash discount during the cash discount period. Cash Discount Period -- The period of time during which a cash discount can be taken for early payment. For example, ? / 10 allows a cash discount in the first 10 days from the invoice date