Description	A free-text field to describe and define the payment terms. For example, Net 30/2% 10 Days, etc. This is provided for the user to select payment terms based on the description.
Standard Term Days	The number of days granted to the buyer in which to pay the bill from the invoice date. Payment after that date is considered delinquent.
Discount Percent	The amount of discount, from the invoice amount, that the buyer may take if the payment is rendered within a certain period.
Discount Days	The period of days to take a discount.

Note: In the above example for the Description field, Net 30/2% 10, if the buyer pays the invoice within ten days of the invoice date, they are entitled to take a 2% discount on the amount of the invoice. After the ten days have passed, the buyer has up to thirty days, from the date of the invoice, to pay. Payments made after that time may be charged other fees.