Definitions (2)

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.

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