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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
02
the act of returning money received previously
to refund
01
to pay back money to a customer, typically for a returned product or service that did not meet expectations
refund
n
fund
n
Example
The airline provided a refund for the flight that was canceled due to bad weather.
After returning the shoes, she received a refund within five business days.
She was relieved to see the refund credited back to her credit card statement.
The irate passengers demanded refunds and levied threats against the airline for the long delay.
The accountant recognized the refund in the financial period during which it was processed.
