Meaning & Definition of word "Refund"

Refund

/ˈrɪˌfʌnd/

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.

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.

●Middle English: re- 'again' + funde 'to provide funds'.

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.

reimburse:

To repay someone for expenses incurred.

credit:

An amount of money available for use within an account.

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!