A credit is an amount of money that can be applied towards future purchases, while a refund is money that is returned to you for a previous purchase that you no longer want or need.
The diference is in the nature it is turned back in for credit or cash. Was it done by the purchaser (refund) or the person the gift was given to (redeemer). It boils down to the first or second party.
The child tax credit is a non-refundable credit that reduces the amount of taxes owed, while the additional child tax credit is a refundable credit that can result in a refund if the credit amount is more than the taxes owed.
What is the difference between micro credt and rural credit?
the difference between installment credit and open ended credit is they are the same..
What is the difference between bank loan and bank credit?
The diference is in the nature it is turned back in for credit or cash. Was it done by the purchaser (refund) or the person the gift was given to (redeemer). It boils down to the first or second party.
The child tax credit is a non-refundable credit that reduces the amount of taxes owed, while the additional child tax credit is a refundable credit that can result in a refund if the credit amount is more than the taxes owed.
What is the difference between micro credt and rural credit?
the difference between installment credit and open ended credit is they are the same..
What is the difference between bank loan and bank credit?
Yes, you can request a refund on your credit card for eligible purchases or transactions. Contact the merchant or your credit card issuer to initiate the refund process.
If you receive a refund on a credit card with no balance, the refund amount will typically be credited to your account as a negative balance. This means you will have a credit on your account that can be used towards future purchases or you can request a refund of the credit balance from the credit card issuer.
explain the difference between cash and credit transaction
What is the difference between credit shelter trust and irrevocable trust?
To request a refund for your United travel credit, you can contact United Airlines customer service and provide them with your travel credit information and details of your request. They will assist you in processing the refund for your travel credit.
Debit
Credit to the customer.