3/10 N/30 is the official business definition of a payment term used to indicate that the buyer must pay within 30 days of the invoice date, but they will receive a discount if they pay within 10 days. This payment term is advantageous for both the buyer and the seller. The buyer will receive a 3% discount if they pay within 10 days, and it encourages buyers to pay promptly. The seller also benefits, as they will receive payment within 10 days, instead of waiting for the full 30 days for payment. This allows the seller to use the money to make other investments or pay other expenses. Additionally, this payment term helps to ensure that the seller gets paid in a timely manner and helps to build a strong relationship between buyer and seller. 3/10 N/30 is a great payment term for businesses to use, as it encourages buyers to pay on time while providing sellers with the assurance that their payment will arrive in the expected time.