| 1 | Basic |
| Payment conditions normally applied. |
| 2 | End of month |
| Self explanatory. |
| 3 | Fixed date |
| Self explanatory. |
| 4 | Deferred |
| Self explanatory. |
| 5 | Discount not applicable |
| Self explanatory. |
| 6 | Mixed |
| Different payment terms negotiated under a documentary credit. |
| 7 | Extended |
| Self explanatory. |
| 8 | Basic discount offered |
| Self explanatory. |
| 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 |
| Self explanatory. |
| 15 | No charge |
| Self explanatory. |
| 16 | Not yet defined |
| Self explanatory. |
| 17 | Ultimo |
| Payment is due the end of the current or specified month. |
| 18 | Previously agreed upon |
| Self explanatory. |
| 19 |
| United States funds |
| The payment terms require the use of United States funds. |
| 20 | Penalty terms |
| Self explanatory. |
| 21 | Payment by instalment |
| Self explanatory. |
| 22 | Discount |
| Self explanatory. |
| 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 |
| Self explanatory. |
