cmc-sales/views/elements/payment_terms_box.ctp

<?
echo $form->input('payment_terms', array('empty'=>'Select the Terms of Payment', 'options' => array(
'100% Payment with Order' => '100% Payment with Order', 
'Net 7 Days for Approved Accounts' => 'Net 7 Days for Approved Accounts',
'Net 14 Days for Approved Accounts' => 'Net 14 Days for Approved Accounts',
'Net 30 Days for Approved Accounts' => 'Net 30 Days for Approved Accounts',
)));
?>