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A reduction in the bank account of a merchant by a credit card company is termed _____.

A. charge back
B. liquidity
C. overdraft
D. reconciliation

1 Answer

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Final answer:

A reduction in a merchant's bank account by a credit card company due to a disputed transaction is called a chargeback. This is distinct from an overdraft, which is when an account goes negative due to spending more than the available balance.

Step-by-step explanation:

When a credit card company subtracts money from a merchant's bank account due to a disputed transaction, this is termed a chargeback. This is different from an overdraft, which occurs when an individual spends more money than is available in their account, often resulting in an overdraft fee. Unlike a chargeback, an overdraft represents a negative balance carried by the account holder, which can be costly.

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