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to such a relatively tender morsel of meat; but my fears were groundless, as the beast, after surveying me intently for a moment, crossed the room to the only exit which led to the street, and lay down full length across the threshold.The phrase "Net 10th Prox" means that payment for goods or services received is due on or before the 10th of the following month.For example, paying all invoices due on or prior to the 25th of the month.Prox is a term that comes out of the retail industry and means "next of month." Invoices that did not meet the designated "cutoff" date for one month, would be paid in the next month.This is a relatively common term of payment utilized by companies in the United States.Continue Reading"Prox" is short for proximo, from the Latin phrase "proximo mense," which means the next month.Contact us if there's something you are interested in that is not listed here.

In fact, each member of the Data Flo Service Team has no less than 15 years of Data Flo experience.This is similar to the rationale credit card companies use to produce billings; your monthly bill includes charges up to a specified cutoff date.All charges made after that date are put on the following month's bill.Prox terms are typically utilized by vendors when they have specific monthly financial goals when cash must be available, such as payroll on the 15th or the 30th of each month.Another common application of prox payment terms is "Net 30th Prox," which would mean payment was due in full on or before the 30th of the following month.

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