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A return merchandise authorization (RMA), return authorization (RA) or return goods authorization (RGA) is a part of the process of returning a product to receive a refund, replacement, or repair to which buyer and seller agree during the product's warranty period.
The return policy posted at a Target store. In retail, a product return is the process of a customer taking previously purchased merchandise back to the retailer, and in turn receiving a refund in the original form of payment, exchange.
Here’s a look at Costco’s holiday return policy, including comparisons of the store’s standard return policy and those offered by its major competitors.
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.
When going in-store to carefully inspect an item before purchasing wasn’t an option, retailers implemented lax returns policies. Now, three years later, customers have grown accustomed to those...
Some examples of return fraud include: Bricking : Purchasing a working electronic item, deliberately damaging or stripping it of valuable components to render it unusable, then returning the item for profit.