Ok so net 30 is where you get paid 30 days after the pay period ends? net 15 is where you get paid 15 days after the pay period ends? Is that correct? And what is this one called: Where if the the period starts on the 1st and ends on the 14th or 15th you get paid the day after the pay period ends.. so on the 15th/16th you would get paid. Do they have a special term for that or is that just ''bi-weekly" ?