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Payable in 30 days

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13y ago

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What does PR mean in payment terms?

In payment terms, "PR" typically stands for "Payment Request." It refers to a formal request made by a vendor or service provider to a client for payment of goods or services rendered. This document outlines the amount due, the services or products provided, and the payment terms agreed upon. It's an essential part of the invoicing process in business transactions.


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What does ym30 in payment terms mean?

In payment terms, "YM30" typically stands for "Yearly Monthly, 30 days." This means that payments are expected to be made within 30 days of the end of each month, and the terms may apply on an annual basis. It is often used in business transactions to establish clear expectations for payment schedules.


What do the terms net 10th and 25th prox mean?

The terms "net 10th" and "25th prox" refer to payment terms commonly used in business transactions. "Net 10th" means that payment is due by the 10th day of the month following the invoice date. "25th prox" indicates that payment is due on the 25th of the month following the invoice date, regardless of when the invoice was issued. These terms help establish clear timelines for payment.