Transaction Reversal definition
Transaction Reversal means the reversal of any electronic (bank or credit card or direct debit or other bank transfer) transaction made by the Service Provider against a Customer's bank account before the contact with the Customer is completed for an incorrect amount of money, without authorisation or otherwise in error;
Examples of Transaction Reversal in a sentence
In any event, the provisions on Transaction Reversal under paragraph 5.2 above and in ANNEX 4 shall be applied.