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CWO
Cash with Order
CIA
Cash in Advance
CBS
Cash before Shipment
COD
Cash on Delivery
Upon Receipt
Payment due Immediately Upon Delivery of Invoice
EOM
End of Month. Payment is due at the end of the month of the invoice
Net Monthly Account
Payment is due at the end of the month following the month of the invoice
30 days End of Month
Payment is due at the end of the month following the month of the invoice
60 days End of Month
Payment is due at the end of the month following the month of the invoice
Net 7 or 7 Days
Payment of the net amount outstanding on the invoice is due seven calendar days after the date of the invoice
Net 14 or 14 Days
Payment of the net amount outstanding on the invoice is due fourteen calendar days after the date of the invoice
Net 15
Payment of the net amount outstanding on the invoice is due fifteen calendar days after the date of the invoice
Net 30
Payment of the net amount outstanding on the invoice is due thirty calendar days after the date of the invoice
Net 60
Payment of the net amount outstanding on the invoice is due sixty calendar days after the date of the invoice
2% 10 Net 30
Payment of the invoice is due within thirty calendar days but payments within 10 days can take a discount of 2%
21 MFI
The 21st of the month following the invoice month
CND
Cash Next Delivery
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
2MD
Monthly credit payment of a full month’s supply plus an extra calendar month
Other Terms Associated with Payment
Contra
A payment from a customer less the value of purchases made by the supplier from the customer
Stage Payment
Payment of agreed amounts at certain times or upon the achievement of certain goals
Letter of Credit
A written undertaking from a bank to pay the beneficiary upon receipt of documents
Bill of Exchange
Promise to pay at a later date, usually with bank support
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