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v. re·fund·ed, re·fund·ing, re·funds
To give back, especially money; return or repay: refunded the purchase price.
To make repayment.
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.]