What context can I use each word in?
Learn when and how to use these words with these examples!
refund
Example
I need to return this shirt and get a refund. [refund: noun]
Example
The company refunded my money after I canceled the order. [refunded: past tense verb]
repayment
Example
I need to make a repayment on my student loan. [repayment: noun]
Example
He promised to repay the money he borrowed from me. [repay: verb]
Good things to know
Which word is more common?
Refund is more commonly used than repayment in everyday language, especially in the context of returning money for a product or service. Repayment is more commonly used in financial contexts, such as borrowing or lending money.
Whatโs the difference in the tone of formality between refund and repayment?
Repayment is typically associated with a more formal tone, as it is often used in legal and financial contexts. Refund can be used in both formal and informal contexts.
