refund

Definition 1

The return of retail goods by a customer for his/her money back.

Definition 2

Refinancing a bond, usually consisting of the issuance of cheaper debt and the redemption of more expensive debt.

Definition 3

The government's return of excess taxes paid when filing; here also called tax refund.

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Related Terms

carryback

'refund ' appears in the definitions of these terms on BusinessDictionary.com
 



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