Dec 9, 2006 02:19
17 yrs ago
4 viewers *
English term
credit
FVA
Not for points
English
Bus/Financial
Business/Commerce (general)
trade
SUPPLIER has the absolute discretion whether or not to exchange or credit Products, and the giving of any such credit or exchange in any particular situation shall not be construed as giving rise to any future obligation or course of conduct between the parties pursuant to which SUPPLIER is required to give any further exchange or credit (which, at all times, will be at SUPPLIER’s absolute discretion).
- MY QUESTION IS whether credit means refund (= money back) or whether it means that the other party may just use the possibility to exchange the products for different other types within the same amount of money.
- MY QUESTION IS whether credit means refund (= money back) or whether it means that the other party may just use the possibility to exchange the products for different other types within the same amount of money.
Responses
| 4 +5 | credit for future purchase |
swisstell
|
| 4 +1 | does not mean refund |
Roddy Stegemann
|
Responses
+5
11 mins
Selected
credit for future purchase
the supplier will not refund in the sense of giving money back. It means giving a credit i.e. credit note which entitles to a future purchase - without additional payment - of up to the same amount.
Peer comment(s):
| agree |
Marina Soldati
1 hr
|
| agree |
David Hollywood
1 hr
|
| agree |
Vicky Papaprodromou
7 hrs
|
| agree |
airmailrpl
: -
16 hrs
|
| agree |
Alfa Trans (X)
4 days
|
Comment: "First validated answer (validated by peer agreement)"
+1
12 mins
Roddy Stegemann
United States
United States
Native in English
&
English
United States
Search HKLNA!
Native in: English 
Works in: German to English, Japanese to English, French to English, and 3 more.
Related KudoZ points
:
4
does not mean refund
A credit is a source of value that is stored by one party for another. The use of the stored value can be restricted or unrestricted depending on the stipulations agreed upon by the parties to the contract that establishes the credit relationship.
Discussion