Dictionary

1refund

verb re·fund \ri-ˈfənd, ˈrē-ˌ\

Definition of REFUND

transitive verb
1
:  to give or put back
2
:  to return (money) in restitution, repayment, or balancing of accounts
re·fund·abil·i·ty \ri-ˌfən-də-ˈbi-lə-tē, (ˌ)rē-\ noun
re·fund·able \-ˈfən-də-bəl\ adjective

Origin of REFUND

Middle English refounden, from Anglo-French & Latin; Anglo-French refunder, from Latin refundere, literally, to pour back, from re- + fundere to pour — more at found
First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

2refund

noun re·fund \ˈrē-ˌfənd\

: an amount of money that is given back to someone who has returned a product, paid too much, etc.

Full Definition of REFUND

1
:  the act of refunding
2
:  a sum refunded

Examples of REFUND

  1. No refunds or exchanges are allowed.

First Known Use of REFUND

1866

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

3refund

verb re·fund \(ˌ)rē-ˈfənd\

Definition of REFUND

transitive verb
:  to fund again

Origin of REFUND

re- + 2fund
First Known Use: circa 1860

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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May 30, 2015
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