4279 Payment terms type code qualifier

Code qualifying the type of payment terms.

Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
1Basic
Payment conditions normally applied.
2End of month
Payments are due at end of month.
3Fixed date
Payments are due on the fixed date specified.
4Deferred
Payments are deferred beyond the normal due date.
5Discount not applicable
Payment terms on which discounts are not applicable.
6Mixed
Different payment terms negotiated under a documentary credit.
7Extended
Payment is extended beyond the normal due date.
8Basic discount offered
Payment terms reflect the basic offered discount.
9Proximo
Occurring in the next month after present.
10Instant
Payment is due on receipt of invoice.
11Elective
Payment terms to be chosen by buyer (from options separately advised).
1210 days after end of month
Payment due ten days after end of a calendar month.
13Seller to advise buyer
Seller will advise buyer of payment terms by separate transaction.
14Paid against statement
Payments are to be made against statement.
15No charge
Payment terms have no charge.
16Not yet defined
Payment terms are not yet defined.
17Ultimo
Payment is due the end of the current or specified month.
18Previously agreed upon
Payment terms have been previously agreed upon.
19United States funds
The payment terms require the use of United States funds.
20Penalty terms
Payment terms on which penalties apply.
21Payment by instalment
Payment terms are based on instalment payments.
22Discount
Payment terms on which discounts are applicable.
23Available by sight payment
Payment made at sight.
24Available by deferred payment
Payment made at deferred date.
25Available by acceptance
Payment on acceptance.
26Available by negotiation with any bank
Payment made by negotiation with any bank.
27Available by negotiation with any bank in ...
Payment made by negotiation with any bank in a specified location.
28Available by negotiation by named bank
Payment made by negotiation with a specified financial institution.
29Available by negotiation
Payment made by negotiation.
30Adjustment payment
Payment adjusted for outstanding credits or debits.
31Late payment
Payment after due date.
32Advanced payment
Payment in advance of due date.
33Payment by instalments according to progress (as agreed)
Payment by instalments according to progress (as agreed).
34Payment by instalments according to progress (to be agreed)
Payment by instalments according to progress (to be agreed).
35Nonstandard
Terms of payment differ from the normal terms.
36Tenor payment terms
Payment to be made according to bilaterally agreed conditions between buyer and seller.
37Complete payment
Payment must be made for complete value and may not be paid in instalments.
38Payment terms defined in consolidated invoice
Payment terms are specified in a consolidated invoice.
39Payment upon completion
The payment terms require payment upon completion.
40Partial advance
The payment terms require a partial payment in advance of completion.
41Consignment
The payment terms are that the goods will be paid for when they are sold or consumed.
42Inter-company account
The payment terms involve the use of an inter-company account.
43Sell 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.
44Supplier floor plan
The payment terms involve payment for merchandise owned by a third party.
45Contract basis
The payment terms are based on a contract with a vendor.
46Credit controlled
The payment terms involve the monitoring of credit by the grantor.
47Dating given
The payment terms in which suppliers may extend seasonal dating.
48Trade acceptance
A trade acceptance is a written acknowledgement of the sale of goods and promise to pay at a definite date and place.
49Cost plus
The payment terms permit reimbursement of costs plus other authorised changes.
50Letter of credit
The payment terms require the use of a letter of credit.
51Lease agreement
The payment terms are included in the lease agreement.
52Cash On Delivery (COD)
The payment terms are cash is due on delivery of merchandise.
53Cash by state law
The payment terms are dictated by state law requiring payment of cash.
54Bank transfer
The payment terms require the use of bank transfer.
55Cash on arrival
The payment terms require payment by cash on arrival of the goods or services.
56Cash
The payment terms are that payments are made in cash.
57Cash discount terms apply
The payment terms are that a discount is applicable if the payment is made in cash.
58Cash with order
The payment terms require the payment in cash with placement of the order.
59Cash per vendor request
The payment terms involve a vendor request for payment by cash.
60Irrevocable letter of credit
The payment terms require the use of an irrevocable letter of credit.
61Documents against acceptance
The payment terms require acceptance of liability before document transfer.
62Charge card
The payment terms permit the use of a charge card to effect payment.
63Documents against payment
The payment terms require payment before document transfer.
64Usance bill
The payment terms are based on the time allowed by commercial usage for the payment of foreign bills of exchange.
65Letter of credit at sight
The payment terms require the presentation of a letter of credit.
66Secured account
The payment terms call for the use of a secured account.
67Basic commission terms
The payment terms call for the use of basic commission terms.
68Deposit required
The payment terms require a deposit be provided.
69Discount with prompt pay
The payment terms include a discount when payment is made within a time frame designated as prompt pay.
70Discount with advance payment
The payment terms include a discount when payment is made in advance.
71Certified cheque
The payment terms require the use of a certified cheque.
72Cash against documents
The payment terms require cash payment before document transfer.
73Bill of exchange
The payment terms require the use of bill of exchange.
74Progressive discount
The payment terms include a progressive discount based on the amount and speed with which payments are made.
75Lump sum
The payment term requires a lump sum payment.
76Fixed fee
The payment term requires a fixed fee payment.
77Promissory note
The payment term requires the use of a promissory note as a means of payment.
78Factoring
Payment term requires payment being made by the factoring company according to the agreement between buyer, bank and factoring company.
ZZZMutually defined
A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list.

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