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Payment advice note

A note sent to a vendor or buyer that outlines the methods of payment that will be accepted. For example, a customer who subscribes to a free trial copy of a magazine may receive a payment advice note after the free trial is complete. The note could indicate that the customer could purchase a full subscription by paying with a cheque or with a credit card.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
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