4279 Payment terms type code qualifier
Code qualifying the type of payment terms.
- String (AN)
- Min 1 / Max 3
Code Description 1 BasicPayment conditions normally applied. 2 End of monthPayments are due at end of month. 3 Fixed datePayments are due on the fixed date specified. 4 DeferredPayments are deferred beyond the normal due date. 5 Discount not applicablePayment terms on which discounts are not applicable. 6 MixedDifferent payment terms negotiated under a documentary credit. 7 ExtendedPayment is extended beyond the normal due date. 8 Basic discount offeredPayment terms reflect the basic offered discount. 9 ProximoOccurring in the next month after present. 10 InstantPayment is due on receipt of invoice. 11 ElectivePayment terms to be chosen by buyer (from options separately advised). 12 10 days after end of monthPayment due ten days after end of a calendar month. 13 Seller to advise buyerSeller will advise buyer of payment terms by separate transaction. 14 Paid against statementPayments are to be made against statement. 15 No chargePayment terms have no charge. 16 Not yet definedPayment terms are not yet defined. 17 UltimoPayment is due the end of the current or specified month. 18 Previously agreed uponPayment terms have been previously agreed upon. 19 United States fundsThe payment terms require the use of United States funds. 20 Penalty termsPayment terms on which penalties apply. 21 Payment by instalmentPayment terms are based on instalment payments. 22 DiscountPayment terms on which discounts are applicable. 23 Available by sight paymentPayment made at sight. 24 Available by deferred paymentPayment made at deferred date. 25 Available by acceptancePayment on acceptance. 26 Available by negotiation with any bankPayment 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 bankPayment made by negotiation with a specified financial institution. 29 Available by negotiationPayment made by negotiation. 30 Adjustment paymentPayment adjusted for outstanding credits or debits. 31 Late paymentPayment after due date. 32 Advanced paymentPayment 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 NonstandardTerms of payment differ from the normal terms. 36 Tenor payment termsPayment to be made according to bilaterally agreed conditions between buyer and seller. 37 Complete paymentPayment must be made for complete value and may not be paid in instalments. 38 Payment terms defined in consolidated invoicePayment terms are specified in a consolidated invoice. 39 Payment upon completionThe payment terms require payment upon completion. 40 Partial advanceThe payment terms require a partial payment in advance of completion. 41 ConsignmentThe payment terms are that the goods will be paid for when they are sold or consumed. 42 Inter-company accountThe payment terms involve the use of an inter-company account. 43 Sell by noteThe 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 planThe payment terms involve payment for merchandise owned by a third party. 45 Contract basisThe payment terms are based on a contract with a vendor. 46 Credit controlledThe payment terms involve the monitoring of credit by the grantor. 47 Dating givenThe payment terms in which suppliers may extend seasonal dating. 48 Trade acceptanceA trade acceptance is a written acknowledgement of the sale of goods and promise to pay at a definite date and place. 49 Cost plusThe payment terms permit reimbursement of costs plus other authorised changes. 50 Letter of creditThe payment terms require the use of a letter of credit. 51 Lease agreementThe 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 lawThe payment terms are dictated by state law requiring payment of cash. 54 Bank transferThe payment terms require the use of bank transfer. 55 Cash on arrivalThe payment terms require payment by cash on arrival of the goods or services. 56 CashThe payment terms are that payments are made in cash. 57 Cash discount terms applyThe payment terms are that a discount is applicable if the payment is made in cash. 58 Cash with orderThe payment terms require the payment in cash with placement of the order. 59 Cash per vendor requestThe payment terms involve a vendor request for payment by cash. 60 Irrevocable letter of creditThe payment terms require the use of an irrevocable letter of credit. 61 Documents against acceptanceThe payment terms require acceptance of liability before document transfer. 62 Charge cardThe payment terms permit the use of a charge card to effect payment. 63 Documents against paymentThe payment terms require payment before document transfer. 64 Usance billThe payment terms are based on the time allowed by commercial usage for the payment of foreign bills of exchange. 65 Letter of credit at sightThe payment terms require the presentation of a letter of credit. 66 Secured accountThe payment terms call for the use of a secured account. 67 Basic commission termsThe payment terms call for the use of basic commission terms. 68 Deposit requiredThe payment terms require a deposit be provided. 69 Discount with prompt payThe payment terms include a discount when payment is made within a time frame designated as prompt pay. 70 Discount with advance paymentThe payment terms include a discount when payment is made in advance. 71 Certified chequeThe payment terms require the use of a certified cheque. 72 Cash against documentsThe payment terms require cash payment before document transfer. 73 Bill of exchangeThe payment terms require the use of bill of exchange. 74 Progressive discountThe payment terms include a progressive discount based on the amount and speed with which payments are made. 75 Lump sumThe payment term requires a lump sum payment. 76 Fixed feeThe payment term requires a fixed fee payment. 77 Promissory noteThe payment term requires the use of a promissory note as a means of payment. 78 FactoringPayment term requires payment being made by the factoring company according to the agreement between buyer, bank and factoring company. ZZZ Mutually definedA 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.