Credit and Rebill definition
Credit and Rebill means any reduction to the Outstanding Balance of a Receivable which is re-documented by a new invoice for the same product and the same Obligor, such reduction is limited to the amount by which the original invoice exceeds the new invoice.
Credit and Rebill means any reduction to the Outstanding Balance of a Receivable which is re-documented by a new invoice for the same product and the same Obligor (unless such new invoice is issued on the same date as the original invoice). For purposes of measuring Dilution, if the Servicer is able to net the two invoices, a Credit and Rebill may be valued at the amount by which the original invoice exceeds the new invoice; otherwise, it shall be valued at the entire amount of the original invoice.