PaymentTerm

Payment terms and conditions reference data

4 properties

Schema

Properties

Property	Type	Mode	Description	Required
code	string	stored	Payment term code (NET_30, NET_60, COD, ADVANCE, etc.) Example: `"NET_30"`	Required
label	string	stored	Human-readable label Example: `"Net 30 days"`	Required
description	string	stored	Detailed description of the payment terms	Optional
daysUntilDue	number	stored	Number of days until payment is due (0 for immediate, null for custom) Example: `30`	Optional

Examples

Example 1

{
  "@type": "PaymentTerm",
  "code": "NET_30",
  "label": "Net 30 days",
  "description": "Payment due within 30 days of invoice date",
  "daysUntilDue": 30
}

Example 2

{
  "@type": "PaymentTerm",
  "code": "NET_60",
  "label": "Net 60 days",
  "description": "Payment due within 60 days of invoice date",
  "daysUntilDue": 60
}

Example 3

{
  "@type": "PaymentTerm",
  "code": "2_10_NET_30",
  "label": "2/10 Net 30",
  "description": "2% early payment discount if paid within 10 days, otherwise payment due in 30 days",
  "daysUntilDue": 30
}

Example 4

{
  "@type": "PaymentTerm",
  "code": "COD",
  "label": "Cash on Delivery",
  "description": "Payment due upon delivery",
  "daysUntilDue": 0
}

Example 5

{
  "@type": "PaymentTerm",
  "code": "ADVANCE",
  "label": "Payment in Advance",
  "description": "Full payment required before delivery",
  "daysUntilDue": 0
}

Example 6

{
  "@type": "PaymentTerm",
  "code": "EOM",
  "label": "End of Month",
  "description": "Payment due at the end of the month following invoice date",
  "daysUntilDue": null
}