Meaning of refund

re•fund

Pronunciation: (v.ri-fund', rē'fundn.rē'fund), [key]
— v.t.
  1. to give back or restore (esp. money); repay.
  2. to make repayment to; reimburse.
—v.i.
  1. to make repayment.
—n.
  1. an act or instance of refunding.
  2. an amount refunded.

re•fund

Pronunciation: (rē-fund'), [key]
— v.t.
  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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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