What is net 90 2nd business day prox?

"Net 90, 2nd business day prox" refers to a payment term where the buyer must pay the seller within 90 days after the invoice date, with the payment due on the second business day following the end of the billing period (typically the month). This means if an invoice is issued in January, the payment would be due on the second business day of March, allowing for a grace period. It's a way for businesses to manage cash flow while still ensuring timely payments.