Chargeback Rate definition
Chargeback Rate means the proportion (expressed as a percentage) of Chargebacks out of the total number of attempted credit or debit card sales transactions.
Chargeback Rate means the proportion (expressed as a percentage) of chargebacks out of the total number of attempted credit or debit card sales transactions, calculated separately for each payment card association (e.g., American Express, Discover Card, MasterCard, or Visa).
Chargeback Rate means, as of any date of determination, an amount (expressed as a percentage) equal to (i) the aggregate Outstanding Principal Balances of all Pledged Purchased Consumer Note Receivables and all Pledged Consumer Note Receivables which were, in each case, Consumer Level Eligible Receivables at the time of their Pledge hereunder and which became Chargeback Receivables during the immediately preceding Remittance Period, divided by (ii) the aggregate Outstanding Principal Balances of all Pledged Purchased Consumer Note Receivables and all Pledged Consumer Note Receivables which were, in each case, Consumer Level Eligible Receivables at the time of their Pledge hereunder and which continued to be Consumer Level Eligible Receivables as of the last day of the immediately preceding Remittance Period.
Examples of Chargeback Rate in a sentence
The retention rate will be directly related to the Chargeback Rate.