adjective
capable of being refunded
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The hotel has a strict policy that all cancellations must be made within 24 hours for a refundable deposit.
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If you change your mind about the concert tickets, don't worry, they're refundable.
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I made sure to get the refundable insurance on my new phone just in case anything happens.
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Investing in your education is like putting money into a refundable account for your future success.