Definition of Refund
Refund
Re·fund
Definition/Meaning
(noun)
Payment returned to a customer when a product is defective or unsatisfactory.
e.g. The company issued a full refund for the damaged item.
(verb)
to pay an amount of money back to someone, especially to a customer who is dissatisfied with the product or service they purchased;
e.g. The store offered to refund him for the service not being done properly.
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