Definition of Refund
Refund
re·fund
Definition/Meaning
(noun)
a sum of money that is repaid to a customer, usually as a compensation for an aspect of the product/service that dissatisfies them;
e.g. She received a refund when she returned the defective product to the store.
(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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