The official business definition of 3 10 N 30 is a type of credit terms. It is a payment system in which a buyer must pay a certain percentage of the purchase price when the goods are received, then the remaining balance must be paid within 30 days. The buyer must pay 10% of the purchase price within 3 days. This type of payment system is commonly used in business transactions and is popular among suppliers who want to ensure that their customers are able to pay for their goods quickly and on schedule. It can also be an effective way to protect suppliers in case customers are unable to pay the full balance on time. The 3 10 N 30 credit terms system is also beneficial for buyers since it allows them to manage their cash flow more efficiently and have time to arrange for payment of the outstanding balance. This type of payment system is an important element of any business transaction and should be carefully considered when making any purchase.