Meaning & Definition of word "Refund"
to
Refund
/ˈrɪˌfʌnd/
noun:
- 1. A repayment of a sum of money, typically to a customer for a returned item or an overpayment.
- Example: She received a full refund for the dress she returned.
- 2. The act of returning money that was paid.
- Example: The store has a policy of offering a refund within 30 days of purchase.
verb:
- 1. To return money to someone, usually because they have returned a product or have been overcharged.
- Example: The airline agreed to refund my ticket after the flight was canceled.
- 2. To give back money that was previously paid.
- Example: If you are unsatisfied with the service, they will gladly refund your payment.
Etymology
Middle English: re- 'again' + funde 'to provide funds'.
Common Phrases and Expressions
full refund:
Returning all the money paid.
partial refund:
Returning a portion of the money paid.
money-back guarantee:
A promise that a full refund will be given if the product is unsatisfactory.
Related Words
reimburse:
To repay someone for expenses incurred.
credit:
An amount of money available for use within an account.
Slang Meanings of refund
Meaning: To give back the cash.
Example Sentence: The store offered to give me a cash refund.
Meaning: Getting your money back quickly.
Example Sentence: I just want my money back ASAP, do a refund!