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LSDefine

Simple English definitions for legal terms

credit memorandum

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A quick definition of credit memorandum:

A credit memorandum is a paper that a seller gives to a buyer to show that they have reduced the amount of money the buyer owes them. This can happen because of a mistake, a returned item, or a discount.

A more thorough explanation:

A credit memorandum is a document that a seller sends to a buyer to confirm that the seller has reduced the buyer's account due to an error, return, or allowance.

For example, if a buyer returns a defective product to the seller, the seller will issue a credit memorandum to the buyer to confirm that the buyer's account has been credited for the amount of the returned product. Another example is if the seller accidentally overcharged the buyer, the seller will issue a credit memorandum to the buyer to confirm that the buyer's account has been credited for the overcharged amount.

The credit memorandum serves as proof of the transaction and helps to ensure that the buyer's account is accurate. It is an important document for both the seller and the buyer to keep for their records.

credit line | credit mobilier

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MAKERS MARK UNIVERSITY FULL SCHOLARSHIP COMMITTED
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Don't usually drink wine but tonight's The night for it
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@CurvyHypnoticSheepdog: Party hard
texted the girl I hooked up with last month
JumpySubsequentDolphin
23:58
wow 😞
triplethread
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Nooooooo
CynicalOops
23:58
good curvy
CynicalOops
23:59
hypnotize her u sheepdog
CynicalOops
23:59
i kind of like that
CynicalOops
23:59
a hypnotic sheepdog
@JumpySubsequentDolphin: don't worry I just texted to check in bc last time I saw her she had some mental health struggles
@JumpySubsequentDolphin: ur still wifey always
happy to report she is in a much better place now
Dkk
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Rest in peace!
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lmfao
still alive brother
Dkk
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ahh yeah ik, I am just fucking around.
triplethread
0:16
Now text her asking if she wants to fuck now that she’s better
just did
JumpySubsequentDolphin
0:17
you failed the test
jk I didn't I am happily conversing with my roommate on the couch while we play spiderman on the ps5
Dkk
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This is me when I hear spiderman: https://www.youtube.com/watch?v=IwnoW6g-wtA
yeezy yeezy yeezy
triplethread
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Just jumped over jump man
OH MY GOD YOU GET IT
TELL ADIDAS THAT WE NEED A MILLION IN PRODUCTION
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OlDirtyBtard
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I dont check. I just drink until I have visions
CynicalOops
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@Pkron: ya its broken
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michigan r sorry pk
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