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PaymentTerms     

Describes payment terms for a financial transaction, used in an invoice.

This is typically expressed as a responsibility of the acceptor or payor of an invoice.

Lvl Type, Domain name and/or Mnemonic code Concept ID Mnemonic Print Name Definition/Description
1 L:  (COD) 14913 COD Cash on Delivery

Payment in full for products and/or services is required as soon as the service is performed or goods delivered.

1 L:  (N30) 14909 N30 Net 30 days

Payment in full for products and/or services is required 30 days from the time the service is performed or goods delivered.

1 L:  (N60) 14910 N60 Net 60 days

Payment in full for products and/or services is required 60 days from the time the service is performed or goods delivered.

1 L:  (N90) 14911 N90 Net 90 days

Payment in full for products and/or services is required 90 days from the time the service is performed or goods delivered.


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