A ____ is a return of funds to a credit card company resulting from a card holder's refusal to pay a credit card charge.
A) reverse auction
B) discount
C) forward auction
D) chargeback

Question

Quizplus · Accepted Answer

A chargeback is a return of funds to a credit card company resulting from a card holder's refusal to pay a credit card charge. A reverse auction is a type of auction where buyers compete to obtain goods or services at the lowest price possible, while a forward auction is a traditional auction where buyers bid to obtain goods or services at the highest price possible. A discount is a reduction in the original price of a product or service.

A ____ Is a Return of Funds to a Credit