non-refundable Meaning in the Cambridge English Dictionary

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 ​cashdeposit to the ​auctioneer.
COMMERCE used to describe something that you cannot ​return after you have ​bought it: The ​check-indesksclose 40 ​minutesprior 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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“non-refundable” in Business English

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