It means Auto Revolving Documentary Letter of Credit. It is a payment term usually used in commodities business.
ARDLC stands for "Additional Readable Data Layer Content." It refers to supplementary content that can be added to existing data layers in various applications, often used in the context of databases, geographic information systems (GIS), or digital content management. This content enhances the usability and richness of the primary data by providing more context or detailed information.
Back of House
no strings attached
kilo amp
PCG stands for Pastoral Care Group in referring to school terms.
After Deducting Freight (People seem to make their own payment term abbreviations!)
mns2-3 payment terms
Payment terms "UL" typically stand for "Under Letter of Credit." This means that payment for goods or services is guaranteed through a letter of credit, which is a financial document issued by a bank on behalf of a buyer, ensuring that the seller will receive payment once the specified conditions are met. This arrangement provides security for both the buyer and the seller in international trade transactions.
FF payment terms typically refer to "Freight Forwarder" payment terms, which outline the conditions under which payment for shipping services is made. These terms can specify when payment is due, the accepted methods of payment, and any penalties for late payments. Understanding these terms is crucial for businesses involved in international trade to ensure smooth logistics and avoid disruptions.
the payment for goods delivered by the seller is a very important part to the contract. The payment terms will normally be agreed between the parties when the contract is negotiated. It will be usual to expect payment on delivery, payment by instalments or payment by any method agreed by the parties.
payment terms 3rd,13,23rdsub,3rd follow
Payment is required on Release Of Goods
TBD meaning in business payment
DP = payment against receipt of document
Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.
When a contract does not specify payment terms, it is important for the parties involved to communicate and negotiate to reach a mutual agreement on payment terms. This can help avoid misunderstandings and disputes in the future. It is recommended to document any agreed-upon payment terms in writing to ensure clarity and enforceability.
The Fifth Third Prox Payment Terms Calculator is a tool designed to help businesses understand and manage payment terms effectively. It calculates payment dates based on invoice dates and terms, allowing for better cash flow management. Users can input specific terms, such as payment schedules and due dates, to see how these factors impact their financial planning. This tool aids in optimizing payment processes and improving overall financial efficiency.