Word forms: (regular plural) credit memos
( Accounting : Commerce )
credit1, credit2, credit3
When you need to create a refund for a client, you can create a credit memo, which is basically an invoice with a negative amount.
A credit memo is necessary if a customer returns goods or has been billed for goods that were lost
or damaged in shipment.
A credit memo is an official written acknowledgement that money is owed back to a customer.
Collins English Dictionary. Copyright © HarperCollins Publishers