Proximo Dating

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Proximo Dating

This specifies the date in the following month on which payment must be made in order to take the cash discount-e.g., terms of "2%, 10th proximo, net 60 days," meaning that the bill must be paid prior to the tenth day of the month following purchase in order to take the discount, but that a credit period of 60 days from the first of the month is allowed. Source: AMA

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