A company giving your money back on a defective toaster is an example of refund.
A governor, that had pillaged the people, was [...] sentenced to refund what he had wrongfully taken. "” L'Estrange.
If you find this computer for sale anywhere at a lower price, we'll refund you the difference.
If the camera is faulty, you can return it to the store where you bought it for a refund.
The $17 that was returned to you after you brought back a shirt that fit badly is an example of a refund.
Refunded the purchase price.
Origin of refund
- Middle English refunden from Old French refunder from Latin refundere re- re- fundere to pour gheu- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition