"Net 30" is a payment term commonly used in business transactions. It means that the buyer must pay the full invoice amount within 30 days of the invoice date. This allows businesses to manage their cash flow while giving buyers a short period to settle their accounts. This term is often seen in agreements between suppliers and retailers, where suppliers provide goods or services and expect payment within the specified timeframe. By using "Net 30," both parties can maintain a clear understanding of payment expectations, helping to foster good business relationships.