- to give back or restore (especially money); repay.
- to make repayment to; reimburse.
- to make repayment.
- an act or instance of refunding.
- an amount refunded.
Origin of refund1
Examples from the Web for refundable
The child tax credit would be cut in half, from $1,000 today to $500, and would no longer be refundable for most.Fiscal Cliff Hostage Situation Day 14: The Thelma & Louise Caucus
November 21, 2012
Many working Americans do not have health care coverage, so we will help them buy their own insurance with refundable tax credits.
- to give back (money), as when an article purchased is unsatisfactory
- to reimburse (a person)
- return of money to a purchaser or the amount so returned
Word Origin and History for refundable
"to give back, restore," early 15c. (earlier "to pour back," late 14c.), from Old French refunder "restore" and directly from Latin refundere "give back, restore, return," literally "pour back, flow back," from re- "back" (see re-) + fundere "to pour" (see found (v.2)). Specifically of money from 1550s. Related: Refunded; refunding.
"a return of money paid," 1782, from refund (v.).