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chargeback

[chahrj-bak] /ˈtʃɑrdʒˌbæk/
noun
1.
Banking. a debit to a depositor's account for an item that has been previously credited, as for a returned bad check.
Origin
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for chargeback
  • 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.
  • It is still impossible sometimes to get paid or to get the chargeback reversed.
British Dictionary definitions for chargeback

chargeback

/ˈtʃɑːdʒˌbæk/
noun
1.
the return of funds by a seller to a buyer's debit or credit card account
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for chargeback
noun

a sum of money deducted by a credit card company from a merchant to cover losses for disallowed or fraudulent transactions

Examples

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.

noun

in banking, a debit to a depositor's account for an item that has been previously credited, as for a returned bad check

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