Business Affairs

Glossary


Vendor Refunds
If a vendor was overpaid and a refund is received, the refund is to be credited to the Fund/Index and account code from which the purchase was originally paid. An overpayment may be the result of returning prepayments, a credit for early payment, or a refund for the return of defective merchandise. See Refunds definition.
Business Affairs, Oregon State University Corvallis, OR 97331
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