adjective capable of being refunded
In finance, the term 'refundable' is used to describe a payment or fee that can be returned to the payer if certain conditions are met.
In educational settings, 'refundable' may apply to tuition fees or deposits that can be reimbursed if a student withdraws from a course.
In the travel industry, 'refundable' refers to a ticket or booking that can be canceled with the possibility of receiving a refund.
In the insurance sector, a 'refundable' policy allows the policyholder to receive a refund of premiums under specified circumstances.
In retail, products labeled as 'refundable' can be returned to the store for a refund of the purchase price.
Refundable deposit required for access to writing software.
Refundable fee for cancelled appointments within 24 hours.