The official business definition of Sales Terms 2/10 N/30 is a payment term that offers customers a discount if they pay their invoice within 10 days of the invoice date. The “2/10” portion of the term indicates that customers can receive a 2% discount if they pay within 10 days. The “N/30” portion of the term indicates that the full amount of the invoice is due within 30 days of the invoice date. This payment term is beneficial for businesses as it encourages customers to pay their invoices quickly, which helps to ensure that the business receives payment in a timely manner. Additionally, the discount offered for early payment can help to incentivize customers to pay their invoices quickly. Ultimately, Sales Terms 2/10 N/30 is a payment term that offers customers a discount if they pay their invoice within 10 days of the invoice date, with the full amount due within 30 days.