credit memo

listen to the pronunciation of credit memo
English - Turkish
Kredi protokolü
(Ticaret) alacak faturası
English - English
A Credit Memo (short for "credit memorandum") is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services that the seller provided the buyer with, but the buyer returned or did not receive. It may also be issued in the case of damaged goods, errors or allowances. A Credit Memo can reduce or eliminate the amount that the buyer has to pay the seller in respect of the original invoice issued earlier
A document used to issue a vendor credit
a document to record the receipt of non-cash/check payments
A bank form (or memo) used by a bank to explain an addition to a depositor's bank account (Note that the term "credit memo" may seem reversed to the depositor--- this is true because the transaction is a credit to the bank )
A notice to a purchaser that the seller has decreased an amount owing to him; the effect is usually the reduction of an invoice previously rendered
Writing off all or part of a customer's account balance A credit memo would be required, for example, when a customer who bought merchandise on account returned some merchandise, or overpaid on their account
Transactions of bank that increase customer's account
an internal memorandum used by banks to increase the fund balance in an account containing a brief explanation of why the account was increased A duplicate copy of the memorandum is forwarded to the customer with the regular bank statement
a note indicating an individual's creditworthiness or credit rating
credit memo

    Hyphenation

    cred·it mem·o

    Turkish pronunciation

    kredıt memō

    Pronunciation

    /ˈkredət ˈmeˌmō/ /ˈkrɛdət ˈmɛˌmoʊ/
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