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what is provisional credit?

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Provisional credit is a temporary credit that is issued by a bank or financial institution to a customer’s account while a dispute or investigation is being resolved. This type of credit is typically issued when a customer disputes a charge or transaction on their account, and is meant to provide temporary relief while the issue is being resolved.

Provisional credit is not a guarantee that the disputed charge will be reversed or that the customer will be reimbursed. It is simply a temporary credit that is issued to provide financial relief to the customer while the issue is being resolved. If the dispute is resolved in favor of the customer, the provisional credit will be made permanent. If the dispute is not resolved in favor of the customer, the provisional credit will be removed from the account.

Provisional credit is often used by banks and financial institutions as a way to mitigate the impact of a disputed charge on a customer’s account, and to help ensure that the customer has access to the funds they need while the dispute is being resolved.

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