refund
re
ri:
ri
fund
fənd
fēnd
/ɹɪfˈʌnd/

Definition & Meaning of "refund"in English

Refund
01

an amount of money that is paid back because of returning goods to a store or one is not satisfied with the goods or services

Examples
She received a full refund after returning the defective shoes.
02

the process or action of giving back money that was paid or collected

Examples
Refunds are processed within five business days.
to refund
01

to pay back money to a customer, typically for a returned product or service that did not meet expectations

Examples
The company agreed to refund the full amount after the product was returned.
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