Refundable: meaning, definitions and examples

Used when something, typically money, can be given back to the payer under certain conditions, often after a cancellation or return.

• The ticket is refundable if you cancel your flight within 24 hours.
• All items are refundable within 30 days of purchase.

Applied when expenses can be paid back to someone, typically in a formal or business setting where an individual fronts costs that are later returned.

• Travel expenses for the business trip are reimbursable upon submission of receipts.
• Medical costs incurred during the project are fully reimbursable.

Commonly used for goods or items that can be taken back to a store or vendor, often if unsatisfactory.

• The bottle is returnable for a small deposit.
• These products are returnable within 14 days with a receipt.

Used when referring to money that must be paid back, often used in the context of loans.

• The loan is repayable over a period of five years.
• This debt is repayable in monthly installments.