Definition of Credit note:
A receipt given by a shop to a customer who has returned goods, which can be offset against future purchases.
A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyers account.
A credit note is issued in various situations to correct a mistake, such as when (1) an invoice amount is overstated, (2) correct discount rate is not applied, (3) goods spoil within guaranty period, or (4) they do not meet the buyers specifications and are returned. Also called credit memo.
Synonyms of Credit note
Voucher, Coupon, Chit, Docket, Stamp, Order, Credit note, IOU
How to use Credit note in a sentence?
- You should always hold on to a credit note so that you have a good record of what it is that you received.
- I got my credit note in the mail and was excited to see that there was a lot credited to my account.
- He obtained a credit note in the amount of $200.00 dollars because the retailer did not appropriately discount his purchase.
- However, you are not entitled to your money back just because you change your mind about what you have bought - many shops will offer a credit note or a refund under these circumstances, but they are not required to do so.
Meaning of Credit note & Credit note Definition