payment terms
When money's due
Payment terms are the conditions under which a buyer must pay a seller—typically specifying when payment is due, acceptable methods, and any penalties or discounts.
Common examples include net 30 (payment due within 30 days) or 2/10 net 30 (2% discount if paid within 10 days, otherwise full amount due in 30).
Payment terms appear in invoices, contracts, and purchase orders to establish expectations between parties.
- PayPalOnline money transfer platform
- net 30Invoice due in month
- contractEnforceable written agreement
- invoiceItemized billing statement
- arrearsOverdue financial obligations
consideration · pro forma · installment · clauses · due date · obligations · grace period · past due · late fee · final notice · agreement · receivable · accounts payable · breach of contract · ledger · due · billing · balance due
- hotelshotel staff, hotel room, accommodations, hotelier, innkeeper
- Dealmakingdeal, negotiator, bargaining, offer, counteroffer
- negotiationsbargaining, offer, counteroffer, counter offer, compromise
- economic vocabularynet income, retained earnings, working capital, accounts payable, accounts receivable
- banking documentsmortgage, loan agreement, promissory note, auto loan, home equity loan
- contract clausesseverability clause, termination clause, confidentiality clause, force majeure, dispute resolution
payment termscash on delivery
Payment at receipt
prepayment · upfront payment · cash in hand · no credit · gift
payment termscash only
Payment without credit
cash and carry · handshake deal · take it or leave it · non-negotiable · fixed price