Meaning of “non-refundable” in the English Dictionary

"non-refundable" in Business English

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also nonrefundable uk us

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)