A customer uses a credit application form to apply for credit when seeking to conduct business with
Applied Computer Online Services (ACOS) where payment type is by terms of Net 1, Net 7 or Net 10.
Offering net terms is a privilege extended by ACOS and offered only after a business relationship
has been established based on order, volume, and dollar value. Initial net terms are low (Net 1) and may be extended based on prompt payment history.