Hello, you have come here looking for the meaning of the word
chargeback. In DICTIOUS you will not only get to know all the dictionary meanings for the word
chargeback, but we will also tell you about its etymology, its characteristics and you will know how to say
chargeback in singular and plural. Everything you need to know about the word
chargeback you have here. The definition of the word
chargeback will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
chargeback, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
From charge + back.
Noun
chargeback (countable and uncountable, plural chargebacks)
- (banking) A reversal of an accounting entry, especially of a disputed credit-card transaction.
- (business) The charging of the cost of business resources to the departments that use them.
2006, Dan MacLeod, The Ergonomics Kit for General Industry, page 121: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.
Translations
reversal of an accounting entry