Meaning of the word "store credit" in English

What does "store credit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

store credit

US /stɔːr ˈkrɛdɪt/
UK /stɔː ˈkrɛdɪt/

Noun

a credit given by a store to a customer who has returned an item, which can be used to purchase other items from that store

Example:
I returned the shirt and received store credit for the amount.
The policy states that all returns are for store credit only.