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tegoeden

Tegoeden is the plural form of tegoed, a Dutch term used to denote money that is owed to someone or a credit balance on an account. The concept covers various forms of credit, such as refunds, store credits, vouchers, or prepaid balances that can be used for future purchases. In everyday language, tegoeden can refer to a customer’s credit on a account, a gift card or voucher issued by a retailer, or prepaid credit on a mobile phone.

Common contexts for tegoeden include retail returns, where a customer receives a credit note or store card

In accounting terms, a tegoed on a customer’s account is typically recorded as a liability for the

Related terms include kredietnota (credit note), cadeaubon or cadeaukaart (gift card), and rekeningtegoed (credit on an

instead
of
a
cash
refund;
gift
cards
or
cadeaubons
issued
by
merchants;
and
prepaid
balances
on
telecom
or
service
accounts.
Tegoeden
may
be
applied
automatically
to
future
purchases
or
redeemed
against
specific
products,
depending
on
the
terms
offered
by
the
issuer.
seller
until
it
is
redeemed.
When
the
customer
uses
the
credit,
the
liability
decreases
and
revenue
is
recognized
correspondingly.
Tegoeden
can
also
arise
from
promotions,
compensation,
or
customer
service
settlements,
and
they
can
take
the
form
of
direct
monetary
credits,
vouchers,
or
prepaid
cards.
account).
The
concept
of
tegoed
is
widely
used
in
consumer
retail,
banking,
and
telecommunications
to
manage
refunds,
credits,
and
prepaid
balances
in
a
standardized
way.