chargeback

[chahrj-bak]
noun
Banking. a debit to a depositor's account for an item that has been previously credited, as for a returned bad check.

Origin:
charge + back2

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
chargeback (ˈtʃɑːdʒˌbæk)
 
n
the return of funds by a seller to a buyer's debit or credit card account

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Dictionary.com's 21st Century Lexicon
Main Entry:  chargeback1
Part of Speech:  n
Definition:  a sum of money deducted by a credit card company from a merchant to cover losses for disallowed or fraudulent transactions
Example:  The chargeback makes up for the cost of returned items or incorrect orders that the customer claims were made to his or her credit card.
Main Entry:  chargeback2
Part of Speech:  n
Definition:  in banking, a debit to a depositor's account for an item that has been previously credited, as for a returned bad check
Dictionary.com's 21st Century Lexicon
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Example sentences
And as for that bane of online businesses, the credit card chargeback, e-gold
  is a silver bullet.
If you spot an unauthorized charge, you can request a chargeback from the card
  issuer, reversing the sales transaction.
The following reference guides are available to support your processing,
  reconciliation, reporting and chargeback needs.
Chargeback employees should be alert for merchants with excessive retrieval
  requests or chargebacks.
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