The payment terms

When money moves, and what conditions attach.

The part

What it is

Payment timing is a working capital decision on both sides and is negotiated far less often than price.

Conditional payment — on milestone, on acceptance — aligns incentives and requires acceptance to be defined.

The smallest level

The attributes it carries

Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.

Payment terms
How long after invoice, which is a cash flow decision on both sides.
Duration shared type
Trigger
On invoice, on milestone or on acceptance.
Choice shared type
Conditions
What must be true before payment is due.
Text shared type