refund

¹ American  

[ree-fuhnd] / riˈfʌnd /

verb (used with object)

1. to fund anew.

2. Finance.

   1. to meet (a matured debt structure) by new borrowing, especially through issuance of bonds.

   2. to replace (an old issue) with a new one.

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refund ² American  

[ri-fuhnd, ree-fuhnd, ree-fuhnd] / rɪˈfʌnd, ˈri fʌnd, ˈri fʌnd /

verb (used with object)

1. to give back or restore (especially money); repay.

2. to make repayment to; reimburse.

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verb (used without object)

1. to make repayment.

noun

1. an act or instance of refunding.

2. an amount refunded.

refund British  

verb

1. to give back (money), as when an article purchased is unsatisfactory

2. to reimburse (a person)

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noun

1. return of money to a purchaser or the amount so returned

Other Word Forms

• nonrefundability noun
• nonrefundable adjective
• refundability noun
• refundable adjective
• refunder noun
• refundment noun
• unrefundable adjective

Etymology

Origin of refund¹

First recorded in 1855–60; re- + fund

Origin of refund¹

First recorded in 1350–1400; Middle English verb refunden “to export, transmit,” from Old French refonder, refunder “to reimburse” and Latin refundere “to pour back,” equivalent to re- re- + fundere “to pour”; found ³

Example Sentences

GMV, as it is better known, is a key performance indicator representing the total dollar value of all transactions on Affirm’s platform, net of refunds.

From Barron's

The figures offer one of the clearest examples yet of how the largest U.S. companies are benefiting from the tax cuts, which are also boosting individual tax refunds this year.

From The Wall Street Journal

The Treasury Department, on Wednesday in the so-called quarterly refunding announcement, decided to keep the issuance of Treasury notes and bonds elevated.

From Barron's

The chain's 40 stores and seven concessions remain open, but will be holding clearance sales and not accepting refunds.

From BBC

A startup says its technology can help retailers identify counterfeit merchandise returned for a refund, a way for merchants to catch fraudsters trying to exploit their returns policies.

From The Wall Street Journal

Related Words

• allowance
• compensation
• discount
• kickback
• payment
• rebate
• reimbursement
• repayment
• restitution