CHARGE-BACK

charge-back, n. A bank’s deducting of sums it had provisionally credited to a customer’s account, occurring usu. when a check deposited in the account has been dishonored. UCC § 4-214. [Cases: Banks and Banking 126, 127, 142, 158. C.J.S. Banks and Banking §§ 322, 362–363, 383–384, 395–397, 399, 402, 404.]