International Development and Programs (Development Work) - International Development and Programs (Development Work)
Glossary of Terms Used for USAID's Automated Directives System (ADS) - Updated 07/15/2011 Partial Revision
There are 2058 entries in this glossary.| Term | Definition |
|---|---|
| Accelerated Payment Methods |
A group of payment methods authorized under the Prompt Payment Act Implementation that, in certain instances, allows payment to be made to vendors prior to the normal 30 day waiting period. Accelerated payments have been expanded to include Fast Pay, payments for invoices under $2,500, payments to small businesses, and payments related to emergencies, and disasters. Accelerated payments may be made to any small business if the Bureau or Mission Director determines that such early payments are necessary (USAID Automated Directives System - ADS - Chapter 630). |