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. |
74 | Progressive discount The payment terms include a progressive discount based on the amount and speed with which payments are made. |
75 | Lump sum The payment term requires a lump sum payment. |
76 | Fixed fee The payment term requires a fixed fee payment. |
ZZZ | Mutually defined |