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term of payment vs terms of payment

Both "term of payment" and "terms of payment" are correct, but they are used in different contexts. "Term of payment" refers to a specific payment condition or period, while "terms of payment" refers to the overall conditions or rules related to payments.

Last updated: March 19, 2024 • 907 views

term of payment

This phrase is correct and refers to a specific payment condition or period.

This phrase is used to describe a particular aspect of a payment agreement, such as the deadline for payment or the method of payment.

Examples:

The term of payment for this invoice is 30 days.
Please clarify the term of payment for this contract.
What is the term of payment for this service?
The term of payment can be negotiated with the supplier.
The term of payment must be agreed upon before signing the agreement.

Show examples from the web [+]

Documents against Payment – DP/DAP is another term of payment in international trade. The documents under consignment are delivered to buyer/ importer ...
How does DP term of payment work? DP OR DAP term of payment is one of the terms of payment in international trade. D.A.P or D/P terms of payment means, ...
The seller receives payment either at sight, or within a term of payment, if the presented documents are strictly in conformity with all terms and conditions. 6.
method and term of payment (e.g. method of payment = check, term of payment = 90 days from B/L date net). (Osuuspankki – Ulkomaankaupan pankkipalvelut).

Alternatives:

payment term
payment deadline
payment condition

terms of payment

This phrase is correct and refers to the overall conditions or rules related to payments.

This phrase is used to describe the general payment conditions or rules that apply to a transaction or agreement.

Examples:

The terms of payment are outlined in the contract.
We need to discuss the terms of payment before finalizing the deal.
The supplier has specific terms of payment that must be followed.
The terms of payment include a 10% deposit.
Please review the terms of payment carefully.

Show examples from the web [+]

Oct 23, 2023 ... This includes at least equal or better: logo placement, position within any point of sale, and treatment in terms of payment flow, terms ...

Alternatives:

payment terms
payment conditions
payment rules

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