CHARGEBACK Definition

CHARGEBACK, in the credit industry, occurs when a credit card processor 'charges back' to the merchant the cost of returned items or incorrect orders that the customer claims were made to his or her credit card.

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BOOKING, in import / export, is an arrangement with a shipping company to load and carry a shipment.

ACCELERATED DEPRECIATION is a method of calculating depreciation with larger amounts in the first year(s).

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