Clarification -- prox is a shortned form of the latin proximo, meaning next (not approxmate as is commonly beliexed.) So, Net 10th Prox menas that payment in full is due ON the 10th of the next (proximo) month.
prox is short for Proximo, meaning in or of the following month. Generally speaking prox 25 usually means payment is due on the 25th day of the following month. For example, you receive your bill/invoice dated October 15, the payment is due before or on November 25.
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
This is really odd for me to see, usually when a company uses "prox" it's for dates, such as 1-30 (days of the month). From what I've seen however, Prox 45, may mean that the payment is due with-in 45 days of the invoice date. Prox standing for Proximo, which literally means, Of or in the following month {or} in or of the next month after the present; "scheduled for the 6th prox"
What is net 13th, 23rd prox 3rd 13th sub
Clarification -- prox is a shortned form of the latin proximo, meaning next (not approxmate as is commonly beliexed.) So, Net 10th Prox menas that payment in full is due ON the 10th of the next (proximo) month.
prox is short for Proximo, meaning in or of the following month. Generally speaking prox 25 usually means payment is due on the 25th day of the following month. For example, you receive your bill/invoice dated October 15, the payment is due before or on November 25.
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
prox dynamics as
25th of June 2009
Prox means 'in or about the next month'
What does inst economy
x25 x10
This is really odd for me to see, usually when a company uses "prox" it's for dates, such as 1-30 (days of the month). From what I've seen however, Prox 45, may mean that the payment is due with-in 45 days of the invoice date. Prox standing for Proximo, which literally means, Of or in the following month {or} in or of the next month after the present; "scheduled for the 6th prox"
Alfred Prox has written: 'Die Schneckenbergkultur' -- subject(s): Antiquities, Bronze age
What is net 13th, 23rd prox 3rd 13th sub
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