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. |
| 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 |
| Self explanatory. |