noun a sum of money that is returned to someone who has overpaid or been overcharged for something
verb to give back or repay (money)
Refunds may be issued in finance for overpayment of fees, taxes, or services.
Educational institutions may issue refunds for tuition fees in certain circumstances.
Travel agencies or airlines may offer refunds for canceled flights or trips.
Insurance companies may issue refunds for overpaid premiums or canceled policies.
Refunds are commonly issued in retail transactions when a customer returns a product for a full or partial refund.
In e-commerce, refunds are processed when a customer requests a return of a purchased item for a refund.
Utility companies may issue refunds for overpaid bills or billing errors.
Subscription-based services may offer refunds for unused portions of a subscription.
The author requested a refund for the defective printer they purchased.
The client requested a refund for the therapy sessions they did not find helpful.
The store policy allows customers to request a refund within 30 days of purchase.
The customer was unhappy with their hotel stay and requested a refund for the accommodations.
The customer experienced technical issues with the software and requested a refund for their purchase.