TeachMeFinance.com - explain Credit note
Credit note -- A commercial term ; a memorandum or account
of goods sent back to the consignor by the consignee
to be credited to the consignee. The term also applies to
a memorandum transmitted by the consignee to the consignor
in which the consignor claims an allowance, as for a shortage
in the consignment or for a deficiency in quality, etc.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.