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chargeback

Noun CEFR B2

Definitions

  1. A reversal of an accounting entry, especially of a disputed credit-card transaction.
  2. The charging of the cost of business resources to the departments that use them.

Equivalents

2 more languages

Examples

“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.”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

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