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The phrase "Net 10th Prox" means that payment for goods or services received is due on or. Prox terms is an invoicing agreement that requires the receiver of a good or service to. What do. Thus, terms of "1/10" mean that a discount of 1% can be taken if payment is made within 1. Now, applied to an invoice you might see terms of 2% 10th Prox, Net 20th Prox and wonder what it me. Aug 1, 2012 . payment terms for each brand are as follows: Brand. Payment Terms. Acculamp® . 1% 10. Mar 1, 2016 . Acuity Brands US Payment Terms – Rev. 03.01.16. 1% 10th prox, net 25th prox **. D. I have a vendor whose payment terms are 1% 10th NET 30.. So it is both standard (net 30) and dat. Net 30th prox are payment terms such that all invoices for a given month are payable in one lump pa.