Merchandise credit definition
Merchandise credit means the crediting to the purchaser of the full amount of the payment upon return of the goods and allowing the purchaser to purchase goods from the merchant with the merchandise credit, or applying to the purchaser's credit account with the merchant, in the amount of the merchandise credit.
Merchandise credit means the credit given to Settlement Class Members that are redeemable only for Sharper Image Branded Products to which Settlement Class Members are entitled as provided in § 8.
Merchandise credit means in-store credit for returned merchandise redeemable for merchandise, goods or services upon presentation at a single merchant or an affiliated group of merchants.
Examples of Merchandise credit in a sentence
All Merchandise credit facilities or payment terms to Sellers are the sole responsibility of LE.
More Definitions of Merchandise credit
Merchandise credit means a record that evidences a promise, made in exchange for returned merchandise, by the issuer that the owner of the record will be provided, solely or a combination of merchandise, food, or services in the value shown in the record, which is prefunded and reduced upon each redemption, and may not be redeemed for money, unless required by law. The term “merchandise credit” includes, but is not limited to the following items, paper merchandise credits or certificates, records that contain a microprocessor chip, magnetic stripe or other means for the storage of information, gift cards, electronic gift cards, store merchandise return cards, and similar records or cards.