CHARGEBACK Definition

Bookmark and Share

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.

Learn new Accounting Terms

PRIVATE CORPORATION is a corporation that ownership is held by the private sector, i.e. individuals or companies.

FULL COSTING see ABSORPTION COSTING.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.