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credit note

 

Definitions from the Web

Credit Note

A credit note is a document issued by a seller to a buyer, indicating a credit or reduction in the amount owed due to various reasons such as damaged goods, returned items, or overpayment.

Examples:

As a Noun:

  1. When the customer returned the faulty laptop, the store issued a credit note for the full purchase amount.
  2. The credit note helped resolve the dispute over the overcharged bill and provided a credit towards future purchases.

As a Verb (Rarely used):

  1. The customer service representative credited the customer's account after verifying the error, generating a credit note.
  2. Upon inspection, the damaged product was accepted, and the supplier agreed to credit note the buyer.

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