Refund
/ˈriː.fʌnd/
Definitions
- (n.) The return of money previously paid, typically due to a product return or service cancellation.
The customer requested a refund for the defective item.
- (v.) To return money to a payer, often after a service failure or product return.
The store refunded her purchase after she returned the laptop.
Forms
- refunds
- refunded
- refunding
Related terms
See also
Commentary
Typically used in commercial and contract law contexts; distinguish from reimbursement, which may cover expenses rather than purchases.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.