Definitions. . 1  a musical direction to remove or play without the mute or (on the piano) with the sustaining pedal pressed down.efinitions. . 1  a musical direction to remove or play without the mute or (on the piano) with the sustaining pedal pressed down.
If you return goods to a supplier or if a customer returns goods to you for a full or partial credit, a credit note must be issued so that you or your customer can process this and adjust your accounts accordingly. A credit note is the recording in your accounts of the funds returned to the customer for a paid invoice.
When to issue a credit note. There are several situations in which a credit note should be issued. There are two types of credit notes: those issued for outgoing payments and those issued for incoming payments. In other words, a credit note you receive or provide. For small business owners, both types are common.