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refund
transitive verb
to give back or pay back (money, etc.); repay
intransitive verb
to make repayment
noun
the act of refunding or the amount refunded; repayment
Related Forms:
- refundable adjective
transitive verb
- to fund again or anew
- Finance
- to use borrowed money, esp. the proceeds from the sale of a bond issue, to pay back (a loan) before or at maturity
- to replace (an old bond issue) with a new bond issue, often at a lower rate of interest
See refund in American Heritage Dictionary 4
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