refund Hear it!

refund1 definition

re·fund (ri fund′; also, and for n. always, rē′fund′)

transitive verb

to give back or pay back (money, etc.); repay

Etymology: ME refunden < MFr or L: MFr refonder < L refundere < re-, back + fundere, to pour: see found

intransitive verb

to make repayment

noun

the act of refunding or the amount refunded; repayment

Related Forms:

refund2 definition

re·fund (rē fund′)

transitive verb

  1. to fund again or anew
  2. Finance
    1. to use borrowed money, esp. the proceeds from the sale of a bond issue, to pay back (a loan) before or at maturity
    2. to replace (an old bond issue) with a new bond issue, often at a lower rate of interest

Etymology: re- + fund

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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