Prox 90 definition
Prox 90 means invoices will be due 90 days from the 5th day of the month (or the next business day if on a holiday or weekend) following the invoice date. For example, invoices dated January 1st – 31st will be due 90 days from February 5th. Invoices with payment terms contrary to Prox 90 will not apply.
Examples of Prox 90 in a sentence
If not otherwise specified on the face of this Purchase Order, payment terms are Net Prox 90.