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What (who) is credit note - definition
COMMERCIAL DOCUMENT ISSUED BY A SELLER TO A BUYER
Credit Memo; Bill Credit; Credit memo; Credit memorandum
credit note
(credit notes)
A credit note is a piece of paper that a shop gives you when you return goods that you have bought from it. It states that you are entitled to take goods of the same value without paying for them. (BRIT; in AM, use credit slip
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N-COUNT
Credit note
A credit note or credit memo is a commercial document issued by a seller to a buyer. Credit notes act as a source document for the sales return journal.
Credit-linked note
FORM OF FUNDED CREDIT DERIVATIVE
Credit linked note; Credit Linked Notes; Miniibonds
A credit linked note (CLN) is a form of funded credit derivative. It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors.
Wikipedia
Credit note
A credit note or credit memo is a commercial document issued by a seller to a buyer. Credit notes act as a source document for the sales return journal. In other words, the credit note is evidence of the reduction in sales. A credit memo, a contraction of the term "credit memorandum", is evidence of a reduction in the amount a buyer owes a seller under an earlier invoice.
It can also be a document from a bank to a depositor to indicate the depositor's balance is being in the event other than a deposit, such as the collection by the bank of the depositor's note receivable.
Examples of use of credit note
1. Although a credit note was originally offered, this referred to the wide range of photographic products and services provided.
2. The man later handed the money over at a bank in the northern city of Kiel, receiving a credit note, police said.
3. Although the manager seemed horrified when he found out that I was just a peasant from the general public, he did, at least, sort it out, and I now have the credit note." Judged by Money‘s postbag, Ms Denford is not alone.