Credit memorandums are commonly used in accounting and finance as a means of providing a detailed record of changes to financial accounts. The term credit memorandum can be replaced with a number of synonyms, including credit notes, credit invoices, and credit receipts. These synonyms carry similar meanings to a credit memorandum and also serve the purpose of documenting financial transactions. In addition, credit advices, credit adjustments, and credit refunds can also be used interchangeably with credit memorandums. Regardless of the synonym used, the concept remains the same - a record of a financial transaction that represents a change or credit to an account.