Words / C / Business

chargeback

noun/ˈtʃɑːdʒbæk/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

The reversal of a card payment by the issuing bank, typically following a customer dispute.

The merchant lost the revenue when the customer filed a chargeback for the undelivered goods.

Topic: Banking in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Banking