What is a credit slip?

A credit slip is a document issued by a business that provides evidence of a credit given to a customer. It typically includes information such as the customer's name, the reason for the credit, the amount of the credit, and the date the credit was issued. A credit slip is usually issued when a customer returns a product or cancels a service, and the business decides to issue a credit toward future purchases or services. The credit slip can be used by the customer to redeem the credit at a later time, and serves as a record for both the customer and the business of the transaction.