Definition of Credit note

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TeachMeFinance.com - explain Credit note




historic definition...

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

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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