The pre-purchased credit balance section provides an overview of any changes in this statement period to the total pre-purchased credit balance currently owed by the merchant to Liven.

Opening Credit Balance

This is the outstanding amount of pre-purchased credit from the previous statement period.

Pre-Purchased Credits

This is the amount of pre-purchased credit obtained during the statement period and is paid separately to the merchant. Any pre-purchase credits will increase the pre-purchased credit balance owed by the merchant to Liven.

Pre-Purchased Deductions

This is the amount of pre-purchased credit repaid by each branch during the statement period. Any pre-purchase deductions will reduce the pre-purchased credit balance owed by the merchant to Liven.

Adjustments

These are adjustments made to the pre-purchased credit balance during the statement period. These adjustments may be positive or negative, and typically include out of statement period rebates or balance corrections.

Closing Credit Balance

This is the outstanding amount of pre-purchased credit after any credits or deductions during the statement period.


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