credit note Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “credit note” in the English Dictionary

"credit note" in British English

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credit notenoun [C]

uk   us   UK (US store credit)
a ​piece of ​paper given by a ​shop when you ​return something you do not ​want, that ​allows you to ​buy other ​goods of the same ​value
(Definition of credit note from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"credit note" in Business English

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credit notenoun [C]

uk   us   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 ​creditnote instead of a ​refund. Incorrect ​invoices may need to be ​adjusted by ​means of a ​creditnoteissued by the ​supplier.
(Definition of credit note from the Cambridge Business English Dictionary © Cambridge University Press)
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