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What is a credit note?

What is a credit note? Here are some definitions.

Noun
  1. A monetary instrument issued by a seller that allows a buyer to purchase an item or service from that seller on a future date.
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Once you accept a credit note, you enter into a new contract which means you are not entitled to a refund.
You are not obliged to accept a credit note or offer of a repair.
However, most retailers will help by offering an exchange or a credit note.
If the invoice needs to be adjusted downward, he must issue a credit note within the time limit.
The trader will only offer me a credit note, or an exchange.
Here, the document in question purported to say that the writer had received the relevant credit note and had given it his full endorsement.

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