refunding Definition

refund
verb

refunded, refunding
1. To pay (money, etc) back to someone because the goods or service that they had purchased was faulty, not up to standard, etc; to repay.

Thesaurus: rebate, reimburse, return, repay, restore, pay back, recoup.

noun

1. The paying back of money, etc.
2. Money, etc that is paid back.

Thesaurus: rebate, reimbursement, repayment, remuneration, compensation, settlement.

Derivative: refundable
adj

Said of a deposit, etc: able to be refunded.

Derivative: refunder
noun

Etymology: 14c: from Latin refundere to pour back, from fundere to pour.

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re-fund
verb refunded, refunding

1. To replace (an old issue of bonds) by a new one.
2. To borrow so as to pay off (an old loan).

Etymology: 20c.