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Glossary   >   C   >   "Credit note" Definition            Credit note A note, issued to a person or company when goods are returned by them, which cancels the original invoice. If the invoice has been settled before the goods are returned the credit note will then entitle the holder to alternative goods (or sometimes cash) to the original value. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Credit note - A note, issued to a person or company when goods are returned by them, which cancels the original invoice. If the invoice has been settled before the goods are returned the credit note will then entitle the holder to alternative goods (or sometimes cash) to the original value.