What is fifth 3RD prox payment?

Updated: 9/23/2023
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Q: What is fifth 3RD prox payment?
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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 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 prox 45 payment terms?

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"

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 are payment terms prox?


What is 5th prox 4th payment terms?

Payment due on the 5th day of the 4th month after the Invoice Date.

What are prox 30 payment terms?


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 is Net 13th 2third prox third 13th subsequent?

What is net 13th, 23rd prox 3rd 13th sub

What are Payment terms Net 45 PROX?

45 days from the end of the current month.

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.

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.