1. money that is given back to someone who has returned a product or cancelled a service
Usage: plural of refund

1. gives back money to someone who has returned a product or cancelled a service
Usage: third person singular present of refund

Examples

• The store processes refunds within five business days.
• She received full refunds for both defective items.
• The company refunds shipping costs for damaged goods.
• He refunds customers who are not satisfied with their purchase.
• Tax refunds are typically issued in early spring.
• The airline refunds tickets cancelled within 24 hours.
• Many retailers offer refunds with a valid receipt.