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What does term 30th mean?

The term 30th refers to the 30th number. It comes after the 29th and before the 31st. It can be used to describe the 30th item in a sequence like a 30th birthday or the 30th day of the month.


What does 2 percent 2nd 10th net 30 payment terms mean?

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What do the terms net 10th and 25th prox mean?

The terms "net 10th" and "25th prox" refer to payment terms commonly used in business transactions. "Net 10th" means that payment is due by the 10th day of the month following the invoice date. "25th prox" indicates that payment is due on the 25th of the month following the invoice date, regardless of when the invoice was issued. These terms help establish clear timelines for payment.


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.


What does net 60 eom mean?

It is a payment term, and usually means that the total amount will be paid 60 days after the end of the month in which the invoice is dated. For example, January dated invoices will be paid on April 1, and February invoices will be paid about April 29. As you can see, it is to the buyer's advantage to have this term, as it can have an effective range of 60 to 90 days to pay for the purchase.