A Collateral Billing number (CBN) is a number that sometimes can be given in place of a
purchase order
A purchase order is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from externa ...
or a
credit card number
A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards. In some situati ...
to ensure a products return. For example, you receive a defective product and call the manufacturer, they in turn send you a replacement unit after collecting a purchase order, credit card or collateral billing number from you to charge the cost of the unit to in the event that you do not return the original unit.
Procurement
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