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refund

re·fund [ ri fúnd ]


transitive verb  (past and past participle re·fund·ed, present participle re·fund·ing, 3rd person present singular re·funds)
Definition:
 
return money to somebody: to return money to somebody, usually because he or she paid too much or did not receive what was paid for



noun  (plural re·funds)
Definition:
 
1. returned money: an amount of money that is returned to somebody

2. process of repayment: the act or process of returning money

[14th century. Via Old French refunder< Latin refundere "pour back" < fundere "pour"]

re·fund·er noun
re·fund·a·ble adjective
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