Refund Meaning and Definition

Pronunciation

/riːˈfʌnd/ 🔊

Part of Speech

Noun

Definition

A sum of money that is paid back to someone because they have returned goods, cancelled a service, or are entitled to compensation.

Examples

• The store offered a full refund for the defective product.
• She requested a refund for the cancelled flight.

Synonyms

• Reimbursement
• Repayment

Antonyms

• Charge
• Payment

Additional Information

A refund is typically issued when a customer returns a product or cancels a service. Refunds can be made in various forms, including cash, credit, or store credit. In some cases, refunds may be subject to certain conditions or time limits.

Refunds can also be issued as a result of a mistake or error on the part of the seller. For example, if a customer is overcharged for a product or service, they may be entitled to a refund for the excess amount.

In addition to its literal meaning, the term “refund” can also be used figuratively to refer to a return or repayment of something other than money. For example, someone might say “I’m looking for a refund on my investment of time and effort” to express their desire for a return on their emotional or psychological investment.

Etymology

The word “refund” comes from the Latin words “re” (meaning “again” or “back”) and “fundere” (meaning “to pour”). The term has been in use since the 15th century to refer to the act of paying back or returning money.

Usage Notes

The term “refund” is often used in formal or business contexts, such as in contracts or invoices. However, it can also be used in informal contexts, such as in conversation or in social media.

When using the term “refund”, it’s essential to be clear about the amount and type of refund being referred to. For example, “I’m eligible for a full refund” or “I received a partial refund for the defective product”.

Cultural References

The term “refund” has been referenced in popular culture, such as in movies, TV shows, and music. For example, the movie “The Refund” (2012) tells the story of a man who tries to get a refund for a defective product.

Idiomatic Expressions or Phrases

• “Refund policy” – a policy that outlines the conditions under which a refund can be issued.
• “Refund request” – a formal request for a refund.

Related Words or Phrases

• Reimbursement
• Repayment
• Return policy

Collocations

• Request a refund
• Issue a refund
• Receive a refund

Frequency of Use

The term “refund” is commonly used in everyday language, particularly in business and financial contexts. According to Google Ngram, the term has been steadily increasing in usage since the 1960s.

Common Misspellings

• Reffund
• Refundd
• Refundee