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Accounts Glossary
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 

Credit (Reversal)

Nullification of an authorized transaction (sale) that has not been settled. If supported by the card issuer, a reversal will immediately "undo" an authorization and return it to the open-to-buy balance on a cardholder's account. Some card issuers do not support reversals.

 
 
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