refund: Meaning and Definition of

re•fund

1. to give back or restore (esp. money); repay.
2. to make repayment to; reimburse.

1. to make repayment.

1. an act or instance of refunding.
2. an amount refunded.

re•fund

1. to fund anew.
1. to meet (a matured debt structure) by new borrowing, esp. through issuance of bonds.
2. to replace (an old issue) with a new one.