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
19	United States funds The payment terms require the use of United States funds.
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.
39	Payment upon completion The payment terms require payment upon completion.
40	Partial advance The payment terms require a partial payment in advance of completion.
41	Consignment The payment terms are that the goods will be paid for when they are sold or consumed.
42	Inter-company account The payment terms involve the use of an inter-company account.
43	Sell by note The payment terms involve a debtor who promises to pay a definite sum of money on demand or at a definite time in the future.
44	Supplier floor plan The payment terms involve payment for merchandise owned by a third party.
45	Contract basis The payment terms are based on a contract with a vendor.
46	Credit controlled The payment terms involve the monitoring of credit by the grantor.
47	Dating given The payment terms in which suppliers may extend seasonal dating.
48	Trade acceptance A trade acceptance is a written acknowledgement of the sale of goods and promise to pay at a definite date and place.
49	Cost plus The payment terms permit reimbursement of costs plus other authorised changes.
50	Letter of credit The payment terms require the use of a letter of credit.
51	Lease agreement The payment terms are included in the lease agreement.
52	Cash On Delivery (COD) The payment terms are cash is due on delivery of merchandise.
53	Cash by state law The payment terms are dictated by state law requiring payment of cash.
54	Bank transfer The payment terms require the use of bank transfer.
55	Cash on arrival The payment terms require payment by cash on arrival of the goods or services.
56	Cash The payment terms are that payments are made in cash.
57	Cash discount terms apply The payment terms are that a discount is applicable if the payment is made in cash.
58	Cash with order The payment terms require the payment in cash with placement of the order.
59	Cash per vendor request The payment terms involve a vendor request for payment by cash.
60	Irrevocable letter of credit The payment terms require the use of an irrevocable letter of credit.
61	Documents against acceptance The payment terms require acceptance of liability before document transfer.
62	Charge card The payment terms permit the use of a charge card to effect payment.
63	Documents against payment The payment terms require payment before document transfer.
64	Usance bill The payment terms are based on the time allowed by commercial usage for the payment of foreign bills of exchange.
65	Letter of credit at sight The payment terms require the presentation of a letter of credit.
66	Secured account The payment terms call for the use of a secured account.
67	Basic commission terms The payment terms call for the use of basic commission terms.
68	Deposit required The payment terms require a deposit be provided.
69	Discount with prompt pay The payment terms include a discount when payment is made within a time frame designated as prompt pay.
70	Discount with advance payment The payment terms include a discount when payment is made in advance.
71	Certified cheque The payment terms require the use of a certified cheque.
72	Cash against documents The payment terms require cash payment before document transfer.
73	Bill of exchange The payment terms require the use of bill of exchange.
ZZZ	Mutually defined