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refundable

   Also found in: Legal, Financial, Encyclopedia 0.01 sec.
re·fund  (r-fnd, rfnd)
v. re·fund·ed, re·fund·ing, re·funds
v.tr.
To give back, especially money; return or repay: refunded the purchase price.
v.intr.
To make repayment.
n. (rfnd)
1. A repayment of funds.
2. An amount repaid.

[Middle English refunden, from Old French refunder, from Latin refundere : re-, re- + fundere, to pour; see gheu- in Indo-European roots.]

re·funda·ble adj.
re·funder n.
re·fundment n.
Translations
refundable [rɪˈfʌndəbl] ADJreembolsable
refundable [rɪˈfʌndəbəl] adj [deposit, ticket] → remboursable
refundable
adj money, payment(s)zurückzahlbar, zurückerstattbar; these expenses are refundablediese Ausgaben werden erstattet; postage is refundabledas Porto wird vergütet


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It says that there is a refundable credit available to workers, consumers and retirees that can be paid into the recipient's bank account if the recipient registers their account information with the IRS.
Baltimore Equitable Society collects an initial deposit in lieu of premium that is fully refundable upon termination of the policy.
Is fully refundable, meaning that the credit will be paid to eligible taxpayers, even if they owe no tax or the credit is more than the tax that they owe.
 
 
 
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