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refund

 
 
/ˈriːfʌnd/ noun [C]

Definition

COMMERCE an amount of money that is given back to you, especially because you have paid too much, or you are not happy with a product or service: ask for/claim/demand a refund Even if the condition is fine, you can still demand a refund if the item is not fit for its purpose. get/receive a refund be eligible for/entitled to a refund make/offer/pay a refund a cash/full refund a tax refund
(Definition of refund noun from the Cambridge Business English Dictionary © Cambridge University Press)
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