refund meaning

[ ri:'fʌnd ] Pronunciation:   "refund" in a sentence
Noun: refund  'ree`fúnd
  1. Money returned to a payer 
  2. The act of returning money received previously
    - repayment
Verb: refund  `ree'fúnd
  1. Pay back
    "Please refund me my money"
    - return, repay, give back

Derived forms: refunding, refunded, refunds

Type of: defrayal, defrayment, pay, payment

Encyclopedia: Refund


[Business]
noun, verb

(Accounting ; Commerce )

noun // [C]

a sum of money that is paid back to you, especially because you paid too much or because you returned goods to a shop/store:

a tax refund

Return the product to the place of purchase for a full refund. See note at REDUCTION

❖ to claim/demand/receive a refund

◆ to make/offer/pay a refund

verb // [+ obj] refund sth (to sb) | refund sb sth

to give sb their money back, especially because they have paid too much or because they are not satisfied with sth they bought:

Tickets cannot be exchanged or money refunded.

We will refund you your money in full.

The credit-card company may have to refund $500m to customers.

If you find a cheaper fare elsewhere, the airline will refund the difference.

SYN REIMBURSE

refundable adjective:

a refundable deposit

Tickets are not refundable.


[Finance]
To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest rate being paid.

Examples

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  1. i have been instructed by the company to offer you a refund.
  2. you may exchange the shirt but not return it for a refund.
  3. i can only refund half.
  4. tomorrow he would return them to the store and claim refunds.
  5. needless to say, we shall refund any expenses you may incur.

Related Words

  1. refugium meaning
  2. refulgence meaning
  3. refulgency meaning
  4. refulgent meaning
  5. refulgently meaning
  6. refund sth to so meaning
  7. refund, tax meaning
  8. refundable meaning
  9. refundable credit meaning
  10. refunded bond meaning
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