Payment Term. Text
Free form description of the conditions of payment between the parties to a transaction.
The 2005 edition pairs clear-text and coded versions on adjacent tags (section 4.2.2): this element’s counterpart is 4277.
1993 edition — before the renaming
- Data element name
- Terms of payment
Superseded by the 2005 name above.
Locations & bridges
- UNLKan..35x10; L 29- 54, P 45-80
Where the element lives on aligned documents — see the bridge glossary.