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Payment Terms

You associate payment terms with your customer invoices to determine your customer's payment schedule. You specify payment terms when you define agreement types and agreements in Oracle Projects. These payment terms are used for each invoice that is funded by a particular agreement. Payment terms can include discount percents for early payment and due dates for a total invoice or for parts of an invoice.

You use the Oracle Receivables Payment Terms window to define payment terms that reflect your company's procedures.

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Payment Terms

Since Fremont Corporation uses 30 Net which is predefined, the implementation team does not define any other payment terms.

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