Billing Error
Banking
A charge that appears on a periodic statement associated with an extension of credit (e.g., credit card) that
- was not authorized by the cardholder or the cardholders' designee,
- is not properly identified, and
- was not accepted by the cardholder or the cardholder's designee.
A billing error can also be caused by a creditor's failure to credit a payment or other credit to an account as well as accounting and clerical errors.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
A charge that appears on a periodic statement associated with an extension of credit (e.g., credit card) that includes:
- unauthorized charges by a merchant to either a credit card, debit card ,or share account
- charges not accepted by the cardholder or the cardholder's designee.
A billing error can also be caused by a creditor's failure to credit a payment, or other credit, to an account as well as accounting and clerical errors.
- — Pocket Cents Glossary retrieved 2014-05-16