billback
nounEtymology Deverbal from bill back.
1
Accounting, Business, Finance The process of charging the client for a portion of the cost of resources that the client has used in order to recover the capital expense.
- Take greater advantage of opportunities to recover costs through billback agreements, which allow the Government to make warrantied repairs and obtain reimbursement from the manufacturer when it is impracticable to return trucks to an authorized dealer.1974, Annual Report of the General Accounting Office, United States: General Accounting Office, page 112:
- Please explain the procedure you have established to determine which headquarters activities will be funded through billbacks to the district offices.1993, United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development, Energy and Water Development Appropriations for 1994: