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English definition of “refund”

refund

noun [C]     /ˈriːfʌnd/
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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