OlgaN
New member
- Joined
- Mar 19, 2012
- Member Type
- Other
- Native Language
- Russian
- Home Country
- Ukraine
- Current Location
- Ukraine
Could you, please, explaine me the difference in this sentence between refund and give credit.
"MANUFACTURER shall also give a refund to DISTRIBUTOR, or give DISTRIBUTOR a credit, in the amount of the TRANSFER PRICES paid by DISTRIBUTOR for the recalled goods"
Does the word refund mean that the manufacturer will return money to the distributor and give credit - that the manufacturer will not actually return money but , for example, allows to buy goods in the amount of recalled goods?
Thank you!
"MANUFACTURER shall also give a refund to DISTRIBUTOR, or give DISTRIBUTOR a credit, in the amount of the TRANSFER PRICES paid by DISTRIBUTOR for the recalled goods"
Does the word refund mean that the manufacturer will return money to the distributor and give credit - that the manufacturer will not actually return money but , for example, allows to buy goods in the amount of recalled goods?
Thank you!