1.Accounting: Allocation of costs and resource usage based on actual usage or a predetermined amount. See also chargeout.
2.Electronic commerce: Withdrawal by the credit card issuer of the amount credited to the merchant's account (plus a chargeback fee) when a card-holder disputes a transaction charged on his or her card. The merchant usually has 10 days to submit proof of purchase and proof of delivery to reclaim the charged back amount.
Use chargeback in a sentence