noun / verb
refund
REE-fund/ˈriːfʌnd/
Money paid back to the person who paid it.
The cashier gives a refund beside the returned shoes and receipt.
Etymology
“Pour back” developed into the broader meaning “give back” or “restore.” The noun refund names a financial instance of that return: money paid and then given back.
In context
a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund
More examples
- The store refunded the full price.
- They are refunding canceled orders.
- Several refunds appeared on the account.
Forms
refund · refunds · refunded · refunding
Similar words
- reimbursement
- Reimbursement repays an expense rather than returns an earlier payment.
- repayment
- Repayment can settle a loan rather than reverse a purchase.