On an invoice - what does the term "Net 10th PROX" mean exactly?

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"Net 10th Prox." means payment is due on the 10th of the month following the month the invoice is dated or goods received.

"Prox" is short for proximo, from the Latin "proximo mense," which means the next month. Proximo terms are terms that specify payment in the month following the shipment, invoice or receipt. The number identifies the day of the following month on which the payment is due.

So for example, "Net 10th Prox." means payment is due on the 10th of the next month following the month of the invoice date.

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