Refund Definition

rĭ-fŭnd, rēfŭnd
refunded, refunding, refunds
verb
refunded, refunding, refunds
To give back or pay back (money, etc.); repay.
Webster's New World
To make repayment.
Webster's New World
To fund again or anew.
Webster's New World
To use borrowed money, esp. the proceeds from the sale of a bond issue, to pay back (a loan) before or at maturity.
Webster's New World
To replace (an old bond issue) with a new bond issue, often at a lower rate of interest.
Webster's New World
Synonyms:
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noun
refunds
A repayment of funds.
American Heritage
The act of refunding or the amount refunded; repayment.
Webster's New World
The definition of a refund is an amount of money given back.
The $17 that was returned to you after you brought back a shirt that fit badly is an example of a refund.
YourDictionary
other
To replace debt before the original maturity date by issuing refunding bonds.
Webster's New World Finance

Other Word Forms of Refund

Noun

Singular:
refund
Plural:
refunds

Origin of Refund

  • Latin refundere; prefix re- re- + fundere to pour: compare French refondre, refonder. See fuse to melt, and compare refound to cast again, and refuse.

    From Wiktionary

  • 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

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