credit memorandum

credit memorandum
/'kredɪt ˌmemərændəm/, credit memo /'kredɪt ˌmeməυ/ noun US
a note showing that money is owed to a customer
When the buyer paid too much money for the goods he was immediately sent a credit memorandum.
I hope we receive a credit memo from the suppliers for the money they owe us.

Marketing dictionary in english. 2015.

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Look at other dictionaries:

  • credit memorandum — noun : a document issued by a seller as confirmation to a customer that a credit adjustment has been made to his account (as for merchandise returned or for errors) * * * a memorandum issued to an account allowing a credit or reducing a debit,… …   Useful english dictionary

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