The official business definition of 4 10 Net 30 is a payment term often used in business transactions. It is a type of payment term that requires the buyer to pay within 30 days of the invoice date, but the buyer is offered a discount if the invoice is paid within 10 days of the invoice date. The buyer is offered a 4% discount on the invoice if payment is made within 10 days, which incentivizes the buyer to pay promptly. Payment terms like 4 10 Net 30 act as an agreement between the buyer and seller, and it is important for both parties to abide by the terms of the agreement. This type of payment term benefits both parties, as the seller receives their payment more quickly, and the buyer saves money. It is important for businesses to be aware of payment terms such as 4 10 Net 30, as it can provide a great opportunity to save money and time.