4279 Payment terms type qualifier

Identification of the type of payment terms.

Type

String (AN)

Length

Min 1 / Max 3

Codes

Code	Description
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.
36	Tenor payment terms Payment to be made according to bilaterally agreed conditions between buyer and seller.
37	Complete payment Payment must be made for complete value and may not be paid in instalments.
38	Payment terms defined in consolidated invoice Payment terms are specified in a consolidated invoice.
ZZZ	Mutually defined