Contract definitions library

Payment Days definition: Copy, customize, and use instantly

Introduction

The term "Payment Days" refers to the specific days within which payment obligations must be fulfilled under the terms of a contract. This is critical to avoid ambiguity regarding deadlines for payments, interest accrual, or penalties.

Below are various examples of how "Payment Days" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Payment Days" as business days

This definition ties "Payment Days" to business days, excluding weekends and public holidays.

"Payment Days" means business days, which are days when financial institutions are open for business, excluding weekends and public holidays.

Definition of "Payment Days" as calendar days

This definition connects "Payment Days" to calendar days, including weekends and public holidays.

"Payment Days" refers to calendar days, including weekends and public holidays, starting from the date of issuance or the occurrence of the relevant event.

Definition of "Payment Days" as a fixed number of days

This definition applies a specific number of days for payment.

"Payment Days" means the number of days from the date of invoice or notice in which payment must be made, as specified in the contract.

Definition of "Payment Days" as days after invoice

This definition links "Payment Days" to the period after an invoice is issued.

"Payment Days" refers to the number of days following the issuance of an invoice in which payment must be made.

Definition of "Payment Days" as due date

This definition ties "Payment Days" directly to the due date for payment.

"Payment Days" refers to the specific due date for payment, as outlined in the contract, which may be based on a fixed number of days after receipt of goods or services.

Definition of "Payment Days" as installment period

This definition connects "Payment Days" to a scheduled installment period.

"Payment Days" refers to the days on which payments are due under an installment schedule, with each payment due on the specified date.

Definition of "Payment Days" as grace period

This definition applies "Payment Days" to a grace period before late fees apply.

"Payment Days" means the period within which payment must be made before a grace period expires, after which late fees or penalties may apply.

Definition of "Payment Days" as extended days

This definition links "Payment Days" to an extended period beyond the standard payment terms.

"Payment Days" refers to the extended number of days granted for payment beyond the original agreed-upon term.

Definition of "Payment Days" as days for remittance

This definition ties "Payment Days" to the period for remittance of payment.

"Payment Days" means the period within which the recipient of the invoice is expected to remit payment, calculated in calendar days from the invoice date.

Definition of "Payment Days" as the time limit

This definition applies "Payment Days" to a strict time limit for payment.

"Payment Days" refers to the fixed time limit for payment to be made, with the deadline defined in calendar days.

Definition of "Payment Days" as prompt payment period

This definition links "Payment Days" to a prompt payment incentive period.

"Payment Days" means the number of days within which prompt payment is encouraged, typically to receive a discount or avoid interest charges.

Definition of "Payment Days" as delay period

This definition connects "Payment Days" to the period allowed for a delayed payment before penalties are incurred.

"Payment Days" refers to the number of days within which payment must be made, after which delay charges or penalties may apply.

Definition of "Payment Days" as deferred payment period

This definition ties "Payment Days" to a period of deferral for payment.

"Payment Days" means the period within which payment can be deferred, as allowed by the terms of the agreement.

Definition of "Payment Days" as conditional period

This definition connects "Payment Days" to a conditional period where payment is required only if certain conditions are met.

"Payment Days" refers to the days within which payment must be made, conditional on the fulfillment of specific contractual requirements or conditions precedent.

Definition of "Payment Days" as multiple payments

This definition applies "Payment Days" to multiple scheduled payments under a contract.

"Payment Days" refers to the specific days on which multiple payments must be made, as outlined in the installment payment schedule.

Definition of "Payment Days" as the default period

This definition ties "Payment Days" to the default period before a payment is considered overdue.

"Payment Days" refers to the period within which payments must be made, with a default period applied if payment is not received within the stipulated time.

Definition of "Payment Days" as invoice-based days

This definition links "Payment Days" to the issuance of invoices.

"Payment Days" refers to the days within which payment is due, calculated from the date an invoice is issued or a payment request is made.

Definition of "Payment Days" as immediate payment days

This definition applies "Payment Days" to scenarios requiring immediate payment.

"Payment Days" means the immediate period within which payment must be made, typically required on the same day the invoice or payment request is received.

Definition of "Payment Days" as variable days

This definition connects "Payment Days" to a variable period, which can change based on contract specifics.

"Payment Days" refers to the variable number of days specified in the agreement, which may change based on particular circumstances or performance benchmarks.