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refund verb (refunded, refunding) to pay (money, etc) back to someone because the goods or service that they had purchased was faulty, not up to standard, etc; to repay. noun 1 the paying back of money, etc. 2 money, etc that is paid back. refundable adj said of a deposit, etc: able to be refunded. refunder noun.
ETYMOLOGY: 14c: from Latin refundere to pour back, from fundere to pour.
re-fund verb (refunded, refunding) finance 1 to replace (an old issue of bonds) by a new one. 2 to borrow so as to pay off (an old loan).
ETYMOLOGY: 20c.
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