What does terms net 10th prox mean?

What does terms net 10th prox mean?

What does net 20th mean?

1. Payment terms Have you heard the term “fifth third proxy?” If you haven’t, get familiar with these payment terms because more customers are asking for it. If you agree to these terms, your customer will pay you on the fifth day of the third month after they receive your invoice.

PA Amplifier USB/MP3/FM. PA amplifier with USB/MP3/FM player FEATURES The perfect solution that integrates an amplifier, mixer, music player, microphone and aux inputs into just one unit. For PA installations with 100 V or low impedance speakers where intuitive operation and a tight budget are top priorities.

Instead of demanding immediate payment, many businesses offer customers the opportunity to buy on credit. “Net 10” means that payment is due 10 days from the date of the invoice. The most common terms for credit sales are net 10, net 30 and net 60.

What does 2% 10th prox net 20th mean?

The phrase “Net 10th Prox” means that payment for goods or services received is due on or before the 10th of the following month. This is a relatively common term of payment utilized by companies in the United States. “Prox” is short for proximo, from the Latin phrase “proximo mense,” which means the next month.

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