Business Terms and Jargon Explained

What is Credit Note

This is where there has been an issue of an invoice that has been overstated. This can happen when goods have been returned or where there was non delivery of goods or services in part or full. This means that the company with the credit note can either reduce it accounts by that amount or can ask fo a payment to made if they have already paid.

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Term created / updated 2006-05-10 23:34:43

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