ASC X12 004010

336 Terms Type Code
TYPE=ID MIN=2 MAX=2

Code identifying type of payment terms


01       Basic
02       End of Month (EOM)
03       Fixed Date
04       Deferred or Installment
05       Discount Not Applicable
06       Mixed
07       Extended
08       Basic Discount Offered
09       Proximo
10       Instant
11       Elective
12       10 Days After End of Month (10 EOM)
13       Seller to advise buyer
14       Previously agreed upon
15       Special Proximo
16       Prompt Payment Act
17       Terms not Applicable
18       Fixed Date, Late Payment Penalty Applies
19       Liquidation
20       Progress Payment
21       Fast Pay
22       Cash Discount Terms Apply
23       Payment Due Upon Receipt of Invoice
24       Anticipation
25       Cash Account
26       Cash on Advance
27       Cash on Arrival
28       Cash per Vendor Request
29       Cash by State Law
30       Cash with Order
31       Cash on Delivery (COD)
32       Lease Agreement
33       Net Month Following Invoice (MFI)
34       Sell by Note
35       Supplier Floor Plan
36       Contract Basis
37       Credit Controlled
38       Dating Given
39       Trade Acceptance
40       Bill to Bill
41       Letter of Credit
42       Lump Sum
43       Fixed Fee
44       Cost Plus
45       Bank Transfer
46       Basic Commission Terms
47       Bill of Exchange
48       Cash Against Documents
49       Certified Check
50       Discount with Advance Payment
52       Discount with Prompt Pay
54       Installment Payments are Due Annually
55       Installment Payments are Due Semi-annually
56       Installment Payments are Due Monthly
57       Installment Payments are Due Quarterly
58       Irrevocable Letters of Credit
61       Payment Order Through Bank
63       Promissory Notes
64       Secured Account
65       Letters of Credit at Sight
CA       Cancellation Option
CO       Consignment
NC       No Charge
PP       Prepayment
ZZ       Mutually Defined