Words / C / Business

credit note

noun

B1CEFR level
40/100Rarity: uncommon
TechnicalRegister

A document issued to a customer reducing the amount they owe, typically for a return or an overcharge.

We issued a credit note for the damaged units so the customer doesn't pay for stock they can't sell.

Similar: credit memo

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting