refund

/ˈriːfʌnd/

money returned to a customer

The store issued a refund after I returned the defective product.

The store gave back the money because the product was faulty.

Finance

formal

Money returned to a customer or buyer, typically after a product is returned or a service is canceled.

I requested a refund for the damaged item.

I asked for my money back because the item was broken.

The airline offered a full refund due to the flight cancellation.

The airline returned all the money because the flight was canceled.

Refunds are common in retail, travel, and service industries.

general

The act of returning money or a payment.

The company promised a refund if the customer was not satisfied.

The company said they would return the money if the customer was unhappy.

Collocations

full refundreturning all the money paidpartial refundreturning only part of the money paidrefund policyrules about when and how refunds are given

able to be refunded

rules about refunds

Always review the refund policy before making a purchase to understand the conditions.

Save your receipts to make the refund process easier.

From Middle English 'refunden,' from Latin 'refundere,' meaning 'to pour back.'

Refunds are often subject to conditions, such as time limits or proof of purchase.

re-

again

prefix

fund

money

root

English Dictionary