N/30 is a business term used to describe the payment terms of a transaction. It stands for “Net 30”, which means that all invoices must be paid within 30 days of the date of purchase. This practice of offering extended payment terms usually allows businesses to better manage their cash flow and stay afloat during economic downturns. At the same time, it exposes them to the risk of not getting paid. To maximize benefit and minimize risk, make sure to review payment terms carefully when entering into any business agreement.