Glossary entry (derived from question below)
May 24, 2009 07:47
15 yrs ago
English term
credit
English
Bus/Financial
Business/Commerce (general)
please explain the word in simple language in the following context (seems it is a certificate or what):
If the results of such review and/or tests reveal the reagent in question failed to meet the minimum productivity warranties set forth in Exhibit C, party A shall issue a credit (creditable against future purchase orders) to Party B to account for the shortage in the reagent productivity.
If the results of such review and/or tests reveal the reagent in question failed to meet the minimum productivity warranties set forth in Exhibit C, party A shall issue a credit (creditable against future purchase orders) to Party B to account for the shortage in the reagent productivity.
Responses
| 5 +5 | a credit note |
Samantha Payn
|
| 5 | credit memo |
Charlesp
|
Responses
+5
19 mins
Samantha Payn
United Kingdom
United Kingdom
Native in English
&
English
Specializes in field
United Kingdom
CIOL Chartered Linguist
Native in: English (Variant: British) 
Works in: Russian to English, English
Related KudoZ points
:
4
Selected
a credit note
A document allowing Party B to claim goods/services to the value stated in the credit note from Party A.
4 KudoZ points awarded for this answer.
Comment: "Thanks, this word has cause a lot of trouble to me for a long time. With your help, I can settle it once and for all in similar cases."
1 day 7 hrs
credit memo
In the U.S. it would ordinarily be called a "credit memo"
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