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The terms "net 13th, 23rd, prox, 3rd, 13th subsequent" refer to payment terms in financial agreements. "Net" indicates that the full amount is due without any deductions. "13th" and "23rd" specify specific days of the month when payment is due, while "prox" means payments are due at the end of the month following the invoicing month. "3rd" and "13th subsequent" suggest that payments are due on the 3rd and 13th of the month after the invoice date.

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6d ago

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What does Net 13th 23rd prox 3rd 13th subsequent mean?

"Net 13th 23rd prox 3rd 13th subsequent" refers to a payment term often used in business transactions. It indicates that payment is due 13 days after the 23rd day of the month, with the term "prox" suggesting that the due date is based on the next month’s cycle. The subsequent part typically signifies that this payment schedule will continue in the following months. Essentially, it's a structured way to define when payments should be made after certain dates.


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