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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"
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What are Payment terms Net 45 PROX?
45 days from the end of the current month.
What is 5th prox 4th payment terms?
Payment due on the 5th day of the 4th month after the Invoice Date.
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.
What does prox 25 mean in pay terms?
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.
What are fifth third prox payment terms?
Payment is due on the 5th day of the 3rd month following the invoice date. For example, a March invoice would be due on June 5th.
What are Payment terms Net 45 PROX?
45 days from the end of the current month.
What are payment terms prox?
dUE 30 DAYS FROM THE END OF THE MONTH
What are prox 30 payment terms?
dUE 30 DAYS FROM THE END OF THE MONTH
What is 5th prox 4th payment terms?
Payment due on the 5th day of the 4th month after the Invoice Date.
What is Net 30th prox?
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
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.
What does prox 25 mean in pay terms?
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.
What are fifth third prox payment terms?
Payment is due on the 5th day of the 3rd month following the invoice date. For example, a March invoice would be due on June 5th.
What are Net 45 payment terms?
45 days from the end of the current month.
What are payment terms 15-15 Net Prox 1.2?
15-15 Prox 1.2 payment terms means that any product shipped/received from the 15th of one month to the 15th of the next month will be paid on the 2nd month of the 2nd day. For an example, anything shipped between July 15 ~ Aug 15 will be paid on October 2. It would be similar to Net 45 ~ 75 days. Items shipped on Aug. 15 would get paid in 45 days and items shippped on July 15 will be paid in 75 days. It behooves you to ship as much as close to the 14th as possible.
What is fifth third prox payment terms?
To put this simple.. usually (you can double check with the company) when an invoice is put in these terms it means that the amount owed is due by the 3rd of the following month, but the company is allowing until the 5th to receive payment. This is two extra days before they begin to charge late fees. 5th 3rd prox means you pay the invoice on the 5th day of the 3rd month following receipt of the invoice. The average is 83 days.
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.
