The official business definition of Credit Terms of 2 10 N 30 is a payment system that allows a buyer to purchase goods or services on credit, with the agreement that the buyer will pay the seller in two installments. The first installment is due within 10 days of the purchase date, and the second installment is due 30 days after the purchase date. This type of payment system is beneficial for both the buyer and the seller, as it allows the buyer to purchase goods or services that they may not have the immediate funds for, while also allowing the seller to receive payment for the goods or services provided. This type of payment system is often used in business-to-business transactions, and can be a great way to help both parties benefit from the transaction.