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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.
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
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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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