{"data":{"id":"us/48-cfr-32.902","jurisdiction":"us","citation":"48 CFR 32.902","heading":"32.902 Definitions.","body":"As used in this subpart—\nDiscount for prompt payment means an invoice payment reduction offered by the contractor for payment prior to the due date.\nMixed invoice means an invoice that contains items with different payment due dates.\nPayment date means the date on which a check for payment is dated or, for an electronic funds transfer (EFT), the settlement date.\nSettlement date, as it applies to electronic funds transfer, means the date on which an electronic funds transfer payment is credited to the contractor's financial institution.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 32—CONTRACT FINANCING","Subpart 32.9—Prompt Payment"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"17be8453cf1c82b445064d02ff2d5c1b6cb5fe6e4f655e9a5ac9f5da9398b5a8","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-32.901","next":"us/48-cfr-32.903"},"notice":"GroundRules: Original legal text. Not legal advice."}