non-refundable - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “non-refundable”

non-refundable

adjective ( also nonrefundable)
 
 
FINANCE used to describe money that you pay that you cannot get back: non-refundable deposit/fee/down-payment At this point, the purchaser will have to pay a 10% non-refundable cash deposit to the auctioneer.
COMMERCE used to describe something that you cannot return after you have bought it: The check-in desks close 40 minutes prior to departure, so if you're late, you're stuck with a nonrefundable ticket.
(Definition of non-refundable from the Cambridge Business English Dictionary © Cambridge University Press)
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