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What is HECs prompt payment discount?

discount hec payment prompt
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What is HECs prompt payment discount?

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A prompt payment discount is allowed for billings paid on or before the due date as indicated on the bill. The discount allowable and the net due if paid by the due date are shown on the bill. All accounts must be current before the discount is allowed. It is to your benefit to pay by the due date to take advantage of this discount.

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