refund

[ˈriːfʌnd]

refund Definition

• 1. an amount of money that is given back to you, especially because you are not happy with a product or service that you have bought
• 2. to give someone their money back, especially because they are not happy with a product or service that they have bought

Using refund: Examples

Take a moment to familiarize yourself with how "refund" can be used in various situations through the following examples!

• Example

  I returned the product and got a full refund.

• Example

  The airline refunded our tickets due to the flight cancellation.

• Example

  The store refused to give me a refund without a receipt.

refund Synonyms and Antonyms

Synonyms for refund

• repayment
• reimbursement
• return
• restitution

Antonyms for refund

• charge
• fee
• payment

Phrases with refund

• tax refund

  an amount of money that is returned to you by the government because you have paid too much tax

  Example

  I received a tax refund of $500 this year.

• refund policy

  a set of rules and procedures that a business follows when giving refunds to customers

  Example

  The store's refund policy states that returns must be made within 30 days of purchase.

• refundable deposit

  a sum of money that is paid in advance and can be returned if certain conditions are met

  Example

  I had to pay a refundable deposit of $100 when I rented the apartment.

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Summary: refund in Brief

The term 'refund' [ˈriːfʌnd] refers to an amount of money given back to a customer who is not satisfied with a product or service. It can also mean the act of giving money back. Examples include 'I returned the product and got a full refund.' and 'The airline refunded our tickets due to the flight cancellation.' 'Refund' extends into phrases like 'tax refund,' referring to money returned by the government, and 'refund policy,' outlining a business's rules for giving refunds.