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ultimo

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ul⋅ti⋅mo

[uhl-tuh-moh]
–adverb
in or of the month preceding the current one: on the 12th ultimo. Abbreviation: ult., ulto. Compare instant (def. 11), proximo.

Origin:
1575–85; < L ultimō (mēnse or diē) in the last (month) or on the last (day)
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
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ul·ti·mo   (ŭl'tə-mō')   
adv.   Abbr. ult.
In or of the month before the present one: on the 15th ultimo.

[Latin ultimō (mēnse), in the last (month), ablative of ultimus, last; see ultimate.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

ultimo 
"in the month preceding the present," 1616, common in abbreviated form ult. in 18c.-19c. correspondence and newspapers, from L. ultimo (mense) "of last (month)," abl. sing. masc. of ultimus "last" (see ultimate). Earlier it was used in the sense of "on the last day of the month specified" (1582).
Online Etymology Dictionary, © 2001 Douglas Harper
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