Definitions (3)

1. The return of retail goods by a customer for his/her money back.
2. Refinancing a bond, usually consisting of the issuance of cheaper debt and the redemption of more expensive debt.
3. The government's return of excess taxes paid when filing; here also called tax refund.

Use refund in a sentence

I was offered a refund on the purchase and I took it because I really needed to get some money back.

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The refund was supplied by the company who did not even sell tires because their customer service policies are so benevolent.

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Most people like getting a tax refund from the IRS, but the refund really represents an interest-free loan that the government is repaying to the taxpayer.

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1040 Form tax loss carryback