Code identifying type of payment terms
Type
ID
Length
Max 2 / Min 2
Codes
<> 01
Basic
<> 02
End of Month (EOM)
<> 03
Fixed Date
<> 04
Deferred or Installment
<> 05
Discount Not Applicable
<> 06
Mixed
<> 07
Extended
<> 08
Basic Discount Offered
<> 09
Proximo
<> 10
Instant
<> 11
Elective
<> 12
10 Days After End of Month (10 EOM)
<> 13
Seller to advise buyer
<> 14
Previously agreed upon
<> 15
Special Proximo
<> 16
Prompt Payment Act
<> 17
Terms not Applicable
<> 18
Fixed Date, Late Payment Penalty Applies
<> 19
Liquidation
<> 20
Progress Payment
<> 21
Fast Pay
<> 22
Cash Discount Terms Apply
<> 23
Payment Due Upon Receipt of Invoice
<> 24
Anticipation
<> 25
Cash Account
<> 26
Cash on Advance
<> 27
Cash on Arrival
<> 28
Cash per Vendor Request
<> 29
Cash by State Law
<> 30
Cash with Order
<> 31
Cash on Delivery (COD)
<> 32
Lease Agreement
<> 33
Net Month Following Invoice (MFI)
<> 34
Sell by Note
<> 35
Supplier Floor Plan
<> 36
Contract Basis
<> 37
Credit Controlled
<> 38
Dating Given
<> 39
Trade Acceptance
<> 40
Bill to Bill
<> 41
Letter of Credit
<> 42
Lump Sum
<> 43
Fixed Fee
<> 44
Cost Plus
<> 45
Bank Transfer
<> 46
Basic Commission Terms
<> 47
Bill of Exchange
<> 48
Cash Against Documents
<> 49
Certified Check
<> 50
Discount with Advance Payment
<> 52
Discount with Prompt Pay
<> 54
Installment Payments are Due Annually
<> 55
Installment Payments are Due Semi-annually
<> 56
Installment Payments are Due Monthly
<> 57
Installment Payments are Due Quarterly
<> 58
Irrevocable Letters of Credit
<> 61
Payment Order Through Bank
<> 63
Promissory Notes
<> 64
Secured Account
<> 65
Letters of Credit at Sight
<> 67
Deposit Required
<> 68
Documents against Acceptance
<> 70
Documents against Payment
<> 71
Inter-company Account
<> 72
Unknown
<> 73
Partial Advance
<> 74
Payment Upon Completion
<> 75
United States Funds Required
<> 76
Usance Bill
<> 77
Progressive Discount
<> CA
Cancellation Option
<> CO
Consignment
<> CT
Commercial Item Finance
<> NC
No Charge
<> PP
Prepayment
<> RO
Redemption Options
<> ZZ
Mutually Defined
