Charge back


A transaction where the card holder bank reverses a previous transaction between a merchant and a consumer in case of a dispute. The bank reimburses the consumer by withdrawing the transaction amount from the merchant's account

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Laffer curve

A curve conjecturing that economic output will increase if marginal tax rates are cut. Named after economist Arthur Laffer.

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