Chargeback
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Chargeback is a noun meaning (banking) A reversal of an accounting entry, especially of a disputed credit card transaction.
Meaning
(banking) A reversal of an accounting entry, especially of a disputed credit card transaction.
More Meanings
- (business) The charging of the cost of business resources to the departments that use them.
Example Sentences
An effective way to build accountability is to charge back workers' compensation costs to each department. Usually the costs are sufficiently high to provide incentive and the chargeback places these costs into the regular system of accountability.
Word Forms
- chargebacks
Related Words
Related dictionary entries include levy, charge, surcharge, fee, transfer, cashback.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.