refund definition

refund

Compensation paid to a customer for over-invoicing or for returned goods.

Return by the taxation authorities of excess tax paid by an individual or a firm. Also called tax refund.

Payment or retirement of a loan by arranging a new loan.

refund is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

refund appears in the definitions of the following terms: club class, non-expenditure disbursement, returns, cooling-off period, restocking fee, free examination period, cancelable insurance, no show, deferred rebate, sales return and allowances and

refund appears in the other terms: refund annuity, experience refund, refunding bonds, refunding, cash refund annuity, advance refunding, experience rating refund

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