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What is Net 30th prox?

Updated: 4/28/2022
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16y ago

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Net 30th prox are payment terms such that all invoices for a given month are payable in one lump payment due 30 days after the end of the month of invoice

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Q: What is Net 30th prox?
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What does Net 30 Prox mean?

The phrase Net 30 prox is used in the accounting field. It means that a buyers payment is due 30 days from the day they receive the shipment.


What is net 15th prox?

Due the 15th of the next month after delivery.


What is Net tenth prox?

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.


What are Payment terms Net 45 PROX?

45 days from the end of the current month.


What is 2 15th prox net 30 terms?

The term 2 15th prox net 30 terms is an accounting term indicating when payment is due. The payment for this would be that half is due on the 15th of the month and the balance due in 30 days.


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What is the meaning of the word prox?

Prox means 'in or about the next month'


What is 1 percent 10 th net 30?

1% discount if paid by the 10th of the month, net amount is due on 30th of the month.


What prox 45 payment terms?

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"


How the heat load calculations arrived in diesel fired furnaces?

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