2/10, N/60 stands for two percent discount if payment is made within 10 days from the date of invoice and no discount if payment is made after 60 days. In essence, 2/10, N/60 encourages businesses to pay the invoices promptly by offering a small discount. This business term can help improve cash flow and keep customers happy. Plus, it is an easy way for businesses to reward loyal customers for consistently paying invoices on time.