Define refund

The noun dates from the mid 19th century. A refund also refers to the procedure where an issuer refinances outstanding bonds by issuing new bonds. See all full list on thefreedictionary. A refund is a sum of money which is returned to you, for example because you have paid too much or because you have returned goods to a shop.

If someone refunds your money, they return it to you, for example because you have paid too much or because you have returned goods to a shop.

The definition of a refund is an amount of money given back. The $that was returned to you after you brought back a shirt that fit badly is an example of a refund. A company giving your money back on a defective toaster is an example of refund.

Refund is to give money back. Businesses and merchants also issue refunds to customers in exchange for. These are generally paid back through ACH transfers. Answer A Few Questions About Your Life And We Do The Rest.

How to use refund in a sentence.

To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies which they may have pai or so much as may be necessary. 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. What does refund mean? Oxford Dictionaries as Pay back (money), typically to a customer who is not satisfied with goods or services bought.

The store will refund the full purchase price to its customers. A word sai usually in a loud and inappropriate way, to or about a female who is particularly unattractive , and hence would be refunded if she were given as a present. You should only call if it has been: days or more since you e-filed.

The sale price of an asset that the seller may give back to the buyer if the buyer returns the asset. Definition of refunded in the Idioms Dictionary. If you complain that your restaurant food is undercooke the manager may refund your money.

ExampleHe got a full refund when he complained about the service. The tool provides the refund date as soon as the IRS processes your tax return and approves your refund.

To return the money spent or invested by someone. The automaker has been directed to refund payments to all of its customers following the discovery of defective parts used in its anti-lock brake system. Search refund and thousands of other words in English definition and synonym dictionary from Reverso.

He said that currently, billions of rupees of exporters are stuck up on account of sales tax, customs rebate and income tax refund claims and duty drawback of taxes (DLTL) and delay in payment of these pending refunds causing losses to the largest foreign exchange earning sector through exports. The money back guarantee was a major tool of early U. United States such as Richard Sears and Powel Crosley Jr. We will refund your money to you in full if you are not entirely satisfied. If you are not satisfied with the goods, the price will be refunded to you.

A tax refund is the difference between taxes paid and taxes owed. Each year (or each quarter, in some cases) a taxpayer submits a tax return that calculates his or her federal income taxes owed. The taxpayer then submits the tax return electronically or via mail and the IRS reviews the information. Taxpayers can often get a tax refund on their income tax, if the tax they owe is less than the sum of the total amount of the withholding taxes and estimated taxes that they pai plus the refundable tax credits that they claim. Typically, the following steps are followed.

A deposit- refund system (DRS), also known as deposit-return system, advance deposit fee or deposit-return scheme, is a surcharge on a product when purchased and a rebate when it is returned.