AskDefine | Define refund

Dictionary Definition

refund

Noun

1 money returned to a payer
2 the act of returning money received previously [syn: repayment] v : pay back; "Please refund me my money" [syn: return, repay, give back]

User Contributed Dictionary

English

Pronunciation

  • (verb): rĭfŭnd', /rɪˈfʌnd/, /rI"fVnd/
  • (noun): rē'fŭnd', /ˈriːfʌnd/, /"rI:fVnd/
  • Rhymes: -ʌnd

Verb

  1. To return (money) to (someone).
    If you find this computer for sale anywhere at a lower price, we'll refund you the difference.

Translations

To return (money) to (someone)

Noun

  1. An amount of money returned.
    If the camera is faulty, you can return it to the store where you bought it for a refund.

Translations

An amount of money returned

Extensive Definition

A money back guarantee is essentially a simple guarantee that, if a buyer is not satisfied with a product or service, a refund will be made.
The money back guarantee was a major tool of early U.S. mail order sales pioneers in the United States such as Richard Sears and Powel Crosley Jr. to win the confidence of consumers.

See also

References

Synonyms, Antonyms and Related Words

abate, abatement, agio, allow, allowance, amends, atone, atonement, bank discount, bate, breakage, cash discount, chain discount, charge off, charge-off, compensate, compensation, concession, cut, deduct, deduction, depreciate, depreciation, discount, drawback, give satisfaction, indemnification, indemnify, kick back, kickback, make allowance, make amends, make good, make reparation, make restitution, make up for, make up to, making good, pay back, pay damages, pay in kind, paying back, penalty, penalty clause, percentage, premium, price reduction, price-cut, quit, rebate, rebatement, recompense, recoup, recoupment, redress, reduce, reduction, refundment, reimburse, reimbursement, reparation, repay, repayment, requital, requite, restitution, retribution, return, rollback, salvage, satisfaction, setoff, square, squaring, take a premium, take off, tare, time discount, trade discount, tret, underselling, write off, write-off
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