Expanded Vocabulary
(1) Payment time
payment in advance
pay on delivery(POD)
payment by installment
at sight
Payment on terms
at…days after sight
payment at maturity
at…days after date
deferred payment
at…days after B/L
(2) Payment agreement
payment agreement
payment order
pay order
the bank interest
letter of credit(L/C) (3) Payment method: payment for (in) cash documents against payment (D/P) payment by banker electronic funds transfer (EFT) payment by remittance cash on delivery (COD) cash with order (CWO) cash against documents (CAD) demand draft (D/D) payment in kind mail transfer (M/T) document against acceptance (D/A) telegraphic transfer (T/T) (4) Payment amount: payment in part partial payment payment in full (5) payee pay…Co. only pay…Co. not negotiable pay…Co.or order (pay to the order of…Co.) bank card acquiring service payment service provider (PSP) (6) the refusal of payment (7) bill of exchange clean bill commercial/banker’s bill documentary bill banker’s bill sight bill commercial acceptance bill time/nuisance bill bankers’ acceptance bill (8) performer invoice recipe invoice sample invoice certified invoice consignment invoice manufacturer’s invoice (9) collection clean bill for collection collection advice documentary bill for collection collection bill purchased uniform rules for collection trust receipt