Prox means 'in or about the next month'
The root word "prox" means near or close in space or time. It is derived from the Latin word "proximus," meaning nearest.
prox dynamics as
The prefix is pro-. This prefix means for or forward.
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 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"
"Net 10 prox" typically refers to a payment term in business transactions, meaning that the full payment is due within 10 days of the invoice date. The term "prox" indicates that the payment is due based on the date of the invoice rather than the date of delivery or service completion. This arrangement is often used to encourage prompt payment from clients or customers.
What is net 13th, 23rd prox 3rd 13th sub
Alfred Prox has written: 'Die Schneckenbergkultur' -- subject(s): Antiquities, Bronze age
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"2nd 30th net prox" typically refers to a specific type of mortgage loan or financial arrangement. In this context, "2nd" indicates a second mortgage, while "30th" usually refers to a 30-year term. "Net prox" might relate to the net proceeds or net value associated with the loan. However, the term is not widely recognized, and its meaning could vary based on specific financial contexts.
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