payment conditions vs payment terms

Both 'payment conditions' and 'payment terms' are correct and commonly used phrases in English. They are interchangeable and can be used to refer to the conditions or terms under which a payment is made. There is no significant difference in meaning between the two.

Last updated: March 28, 2024 • 613 views

payment conditions

This phrase is correct and commonly used in English to refer to the conditions under which a payment is made.

This phrase is used to describe the specific conditions or requirements that must be met in order to make a payment.

Examples:

The payment conditions include a 30-day payment period.
Please review the payment conditions before making a purchase.

Alternatives:

payment terms
payment requirements
payment guidelines
payment policies
payment regulations

payment terms

This phrase is correct and commonly used in English to refer to the terms under which a payment is made.

This phrase is used to describe the specific terms or conditions that apply to a payment, such as due dates, interest rates, and payment methods.

Examples:

The payment terms for this invoice are net 15 days.
Make sure you understand the payment terms before signing the contract.

Show examples from the web [+]

Dec 5, 2023 ... Getting paid as a business owner is always a top priority. Understanding and implementing proper payment terms can streamline your efforts.
Nov 8, 2023 ... If you don't set up the right payment terms with your customers, this can lead to late payments, poor cash flow and unnecessary stress in your ...
Shopify Plus · None - By default, payment terms are set to None. · Net (period) - If you assign net terms to a company location, then any B2B customer for that ...
Nov 7, 2023 ... (v) Shipping and payment terms (e.g., shipment number and date of shipment, discount for prompt payment terms). Bill of lading number and ...

Alternatives:

payment conditions
payment requirements
payment guidelines
payment policies
payment regulations

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payment conditions vs payment terms