my mission is to create a very good graphic designs that meet up with peoples demand and also will profit my own service being rendered to people, icluding customers, friends and admirer in.
my name is ogunsola oluwatomiwa, i am a native of ipoti ekiti at EKITI STATE of NIGERIA. I am a lover and talented internet marketting who is dedicated in internet stuff
Work Terms
Payment Terms Examples
7th grade8th grade9th gradeMiddle SchoolHigh SchoolCollege
Payment terms are the conditions under which a vendor completes a sale. The payment terms cover:
When payment is expected
Any conditions on that payment
Any discounts the buyer will receive
Payment terms can apply to any party in the sale, from the wholesaler to the individual consumer.
Common Invoice Payment Terms
PIA - Payment in advance
Net 7 - Payment seven days after invoice date
Net 10 - Payment ten days after invoice date
Net 30 - Payment 30 days after invoice date
Net 60 - Payment 60 days after invoice date
Net 90 - Payment 90 days after invoice date
EOM - End of month
21 MFI - 21st of the month following invoice date
1% 10 Net 30 - 1% discount if payment received within ten days otherwise payment 30 days after invoice date
COD - Cash on delivery
Cash account - Account conducted on a cash basis, no credit
Letter of credit - A documentary credit confirmed by a bank, often used for export
Bill of exchange - A promise to pay at a later date, usually supported by a bank
CND - Cash next delivery
CBS - Cash before shipment
CIA - Cash in advance
CWO - Cash with order
1MD - Monthly credit payment of a full month's supply
2MD - Monthly credit payment of a full month's supply plus an extra calendar month
Contra - Payment from the customer offset against the value of supplies purchased from the customer
Stage payment - Payment of agreed amounts at stage
Discount Payment Terms
Accumulation discounts - Discounts for large purchases
Coupons - These have certain terms, such as a certain quantity has to be purchased or if the customer is past a certain age
Disability discount - Offer to customers with a disability
Discount card - Issuing cards that give certain customers or any customer a discount
Educational or student discount - Usually given to students, but may go to educators
Employee discount - Offered to employees
Forward dating - Moving the invoice date forward so that the payment is