> ## Documentation Index
> Fetch the complete documentation index at: https://docs.gobl.org/llms.txt
> Use this file to discover all available pages before exploring further.

# Terms

Terms defines when we expect the customer to pay, or have paid, for the contents of the document.

## Schema ID

`https://gobl.org/draft-0/pay/terms`

## Properties

| Title      | Property    | Type                                          | Description                                |
| ---------- | ----------- | --------------------------------------------- | ------------------------------------------ |
| Key        | `key`       | [cbc.Key](/draft-0/cbc/key)                   | Type of terms to be applied.               |
| Due Dates  | `due_dates` | array of [pay.DueDate](/draft-0/pay/due_date) | Set of dates for agreed payments.          |
| Notes      | `notes`     | string                                        | Description of the conditions for payment. |
| Extensions | `ext`       | [tax.Extensions](/draft-0/tax/extensions)     | Extensions to the terms for local codes.   |

## Key Values

| Value          | Description                                    |
| -------------- | ---------------------------------------------- |
| `end-of-month` | End of month                                   |
| `due-date`     | Due on a specific date                         |
| `deferred`     | Deferred until after the due date              |
| `proximo`      | Month after the present                        |
| `instant`      | On receipt of invoice                          |
| `elective`     | Chosen by the buyer                            |
| `pending`      | Seller to advise buyer in separate transaction |
| `advanced`     | Payment made in advance                        |
| `delivery`     | Payment on Delivery                            |
| `undefined`    | Not yet defined                                |

## Validation Rules

| Field | Test                                                                                                                                               | Validation Code / Message                  |
| ----- | -------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------ |
| `key` | <ul class="gobl-test"><li>One of \[end-of-month, due-date, deferred, proximo, instant, elective, pending, advanced, delivery, undefined]</li></ul> | `GOBL-PAY-TERMS-01`<br />Key must be valid |