billback
Definitions
The process of charging the client for a portion of the cost of resources that the client has used in order to recover the capital expense.
Examples
“Take⟳ greater advantage of opportunities to recover⟳ costs through billback agreements, which allow⟳ the Government to make⟳ warrantied repairs and obtain⟳ reimbursement from the manufacturer when it is impracticable to return⟳ trucks to an authorized dealer.”
“Please⟳ explain⟳ the procedure you have⟳ established to determine⟳ which headquarters activities will be funded through billbacks to the district offices.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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