💳 Payment terms vocabulary

Unit 3 · English for trade & logistics · 9 min

Common payment terms: T/T (bank transfer), L/C (letter of credit), deposit, balance. Example: "30% deposit, balance before shipment."

Words in this lesson

• T/T (telegraphic transfer) — T/T (telegraphic transfer)
• L/C (letter of credit) — L/C (letter of credit)
• deposit — deposit
• balance — balance
• invoice — invoice
• due date — due date

Project: Explain one payment method your company uses, in English (no amounts).