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allow credit

English translation: give the customer an allowance towards their next purchase

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:allow credit
Selected answer:give the customer an allowance towards their next purchase
Entered by: Tony M

07:58 Nov 11, 2011
English language (monolingual) [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: allow credit
What does it mean to "allow credit"?


Sample Paragraph:
If within the time limits specified below, any product sold under this purchase order, or any part thereof, shall prove to be defective in material or workmanship ... the Manufacturer, at its option, will repair or allow credit for such part.
Matsumi
Local time: 11:31
give the customer an allowance towards their next purchase
Explanation:
It means that under the guarantee, they won't actually give you money back to compensate for a faulty product/part, but they will simply grant you a certain sum that will be deducted from the bill for the next purchase you make with them.

This sounds slightly odd for a retail guarantee, but perhaps it is in fact a trade purchase situation?
Selected response from:

Tony M
France
Local time: 04:31
Grading comment
Thanks.
3 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +5give the customer an allowance towards their next purchase
Tony M


Discussion entries: 2





  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
give the customer an allowance towards their next purchase


Explanation:
It means that under the guarantee, they won't actually give you money back to compensate for a faulty product/part, but they will simply grant you a certain sum that will be deducted from the bill for the next purchase you make with them.

This sounds slightly odd for a retail guarantee, but perhaps it is in fact a trade purchase situation?

Tony M
France
Local time: 04:31
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 86
Grading comment
Thanks.

Peer comments on this answer (and responses from the answerer)
agree  Ambrose Li: I don’t think this is retail, since it does say purchase order.
6 mins
  -> Thanks, Ambrose! Yes, that's sort of what I was figuring, and now Asker has confirmed.
agree  Jack Doughty
43 mins
  -> Thanks, Jack!
agree  orientalhorizon: Probably true, but if it's an open account transaction, then this "credit" will just be a deduction allowed when the actual payment is made on due date.
1 hr
  -> Thanks, O/H! yes, of course, although I somehow doubt that level of detail is going to help asker very much...
agree  Phong Le
2 hrs
  -> Thanks, Phong Le!
agree  Ashutosh Mitra: hi! Tony, agree.....
3 hrs
  -> Thansk, Ashutosh!
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