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 (rĭ-fŭnd′, rē′fŭnd′)
v. re·fund·ed, re·fund·ing, re·funds
To give back, especially money; return or repay: refunded the purchase price.
To make repayment.
n. (rē′fŭnd′)
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·fund′a·ble adj.
re·fund′er n.
re·fund′ment n.
References in periodicals archive ?
The agreement requires the shipyard to maintain/extend the Bank of China refundment guarantees that secure the return of milestone payments made to date.
1 million in term notes for Golden State relies in part on a refundment guarantee issued by the Korea Development Bank to cover the risk of non-performance by Samsung Heavy Industries Co.