credit note - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “credit note”

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credit note

noun [C]
 
 
UK ( US credit memo, also US credit receipt)
COMMERCE a document that a seller gives to a buyer who returns a product, pays too much for something, etc., which the buyer may use at a later time to pay for something else: Most shops will allow you to make an exchange or offer you a credit note instead of a refund. Incorrect invoices may need to be adjusted by means of a credit note issued by the supplier.
(Definition of credit note from the Cambridge Business English Dictionary © Cambridge University Press)
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