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

Start with Accario today and save your time to focus on growing on your business.

Try our expertly provided Finance and Accounting services for one month.

Company

Services

More