Is it possible to default the Invoice Term Date to other date field "based" on the payment term used

Summary:

Based on our system's current setup, the "Term Date" is defaulted on the Invoice Date. Is it possible to default the Term Date to another date field based on the Payment Term we used? 

For example: When we used the "60 ABC" payment term, the Term Date should default to a custom date field under the "Additional Information" tab. But when using another payment term, it should default on the invoice date.

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

23C

Code Snippet (add any code snippets that support your topic, if applicable):