refund

v. return money, reimburse, repay; provide new funds, finance again

n. return of money, repayment, reimbursement

Refund redirects here. For tax-related, see tax refund. A money back guarantee is essentially a simple guarantee that, if a buyer is not satisfied with a product or service, a refund will be made.The money back guarantee was a major tool of early U.S. mail order sales pioneers in the United States such as Richard Sears and Powel Crosley Jr. to win the confidence of consumers.
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Noun
1. money returned to a payer
(hypernym) payment
(hyponym) rebate, discount
(derivation) return, repay, give back
2. the act of returning money received previously
(synonym) repayment
(hypernym) payment, defrayal, defrayment
(derivation) return, repay, give back
Verb
1. pay back; "Please refund me my money"
(synonym) return, repay, give back
(hypernym) pay
(hyponym) reimburse
(derivation) repayment

(v. t.)
To supply again with funds; to reimburse.
  

(v. t.)
To pour back.
  

(v. t.)
To give back; to repay; to restore.
  

(v. t.)
To fund again or anew; to replace (a fund or loan) by a new fund; as, to refund a railroad loan.
  

Retiring existing bond issues through the sale of a new bond issue, usually to lower the interest rate being paid.