refund

/ˈriːfʌnd/
nounIntermediate money returned to a customer
💰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

Related Phrases

refundableadjective
able to be refunded
refund policyphrase
rules about refunds

💡Pro Tip

Check the refund policy

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

Gold Rule

Keep receipts

Save your receipts to make the refund process easier.

📖Word Origin

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

📝Usage Notes

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

Word Breakdown

re-
again
prefix
+
fund
money
root
English Dictionary