Definitions (3)
Related Terms
1. Compensation paid to a customer for over-invoicing or for returned goods.
2. Return by the taxation authorities of excess tax paid by an individual or a firm. Also called tax refund.
3. Payment or retirement of a loan by arranging a new loan.

Use 'refund' in a Sentence

The customer bought two pairs of jeans without trying them on and when she got home she discovered they didn't fit so she returned them to the store and was issued a refund.
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I was issued a refund for my meal because I found a hair in my soup and complained to the manager about it.
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The refund was issued to the customer despite the product never being sold from the store, this was great customer service.
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