chargeback

[ chahrj-bak ]

Phonetic (Standard)IPA

noun

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

chargeback

/ ˈtʃɑːdʒˌbæk /

noun

the return of funds by a seller to a buyer's debit or credit card account

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Word History and Origins

Origin of chargeback¹

charge + back ²

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Example Sentences

The law allows consumers to file for chargebacks on credit card charges for goods and services that buyers didn’t accept or that weren’t delivered as agreed.

From Washington Post

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