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On upgrade each set of invoice terms that previously existed under Billing > Maintenance > Invoice Terms are moved to Maintenance > Pay/Bill Terms and are assigned a terms type of Bill. For more information about how those existing terms can be maintained and how new payment and billing terms can be created, see Terms Maintenance.
The following new user security role permission, which is configured under Maintenance > Role-Data Groups, controls access to Maintenance > Terms Maintenance:
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