chargeback
Noun
A reversal of an accounting entry, especially of a disputed credit card transaction.
Usage- Countable
- Uncountable
The charging of the cost of business resources to the departments, divisions, or projects that use them (that is, to specific cost centers).
Usage- Countable
- Uncountable
- Examples
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More examples (1)
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