1 | Basic Payment conditions normally applied. |
2 | End of month |
3 | Fixed date |
4 | Deferred |
5 | Discount not applicable |
6 | Mixed Different payment terms negotiated under a documentary credit. |
7 | Extended |
8 | Basic discount offered |
9 | Proximo Occurring in the next month after present. |
10 | Instant Payment is due on receipt of invoice. |
11 | Elective Payment terms to be chosen by buyer (from options separately advised). |
12 | 10 days after end of month Payment due ten days after end of a calendar month. |
13 | Seller to advise buyer Seller will advise buyer of payment terms by separate transaction. |
14 | Paid against statement |
15 | No charge |
16 | Not yet defined |
17 | Ultimo Payment is due the end of the current or specified month. |
18 | Previously agreed upon |
20 | Penalty terms |
21 | Payment by instalment |
22 | Discount |
23 | Available by sight payment Payment made at sight. |
24 | Available by deferred payment Payment made at deferred date. |
25 | Available by acceptance Payment on acceptance. |
26 | Available by negotiation with any bank Payment made by negotiation with any bank. |
27 | Available by negotiation with any bank in ... Payment made by negotiation with any bank in a specified location. |
28 | Available by negotiation by named bank Payment made by negotiation with a specified financial institution. |
29 | Available by negotiation Payment made by negotiation. |
30 | Adjustment payment Payment adjusted for outstanding credits or debits. |
31 | Late payment Payment after due date. |
32 | Advanced payment Payment in advance of due date. |
33 | Payment by instalments according to progress (as agreed) Payment by instalments according to progress (as agreed). |
34 | Payment by instalments according to progress (to be agreed) Payment by instalments according to progress (to be agreed). |
35 | Nonstandard Terms of payment differ from the normal terms. |
ZZZ | Mutually defined |