BizTerm Definition
Full Definition

1. An ISO term. A message informing the sender of the original message that the message cannot be processed as instructed i.e. is undeliverable, unprocessable or cancelled by the receiver. 2. A transaction type which is defined along side the normal posting set for a transaction. The reversal postings normally perform the exact opposite to those of the related posting set. For example a posting set for cash withdrawal may debit the customers account and credit a cash account. The reversal transaction will debit the cash account and credit the customers account for the same amounts. See also direct entry, transaction processing and posting set.

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