invoice
Definition
An invoice is a formal written document you send to a customer after providing goods or services, requesting payment for what you delivered. It serves as both a payment request and an official business record showing exactly what was sold, the agreed price, and when payment is due.
Example
After completing a website design project for a client, you would send them an invoice listing the services performed, the total cost of $3,000, and a due date of 30 days from the invoice date.
Watch Out
An unpaid invoice can serve as legal evidence in court if a customer refuses to pay, so always make sure your invoices include accurate dates, itemized descriptions, and the agreed-upon amounts.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.