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Refunded: meaning, definitions and examples

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refunded

 

[ rΙͺˈfʌndΙͺd ]

Verb
Context #1 | Verb

financial transaction

Refunded refers to the act of returning money to someone, typically due to a cancellation of a purchase or dissatisfaction with a product or service. This process usually involves the seller or service provider giving back the amount paid by the buyer. Refunds can occur in various contexts, including retail, services, and online transactions. When a customer is refunded, it might also involve a notification about the withdrawal of funds from the business's accounts.

Synonyms

reimbursed, repayed, returned

Examples of usage

  • I was refunded for my plane ticket.
  • The customer was refunded the full amount.
  • He requested a refund and received it promptly.

Word origin

The term 'refunded' originates from the verb 'refund', which first appeared in English in the late 17th century. The prefix 're-' means 'again', while 'fund' is derived from the Latin 'fundus', meaning 'bottom' or 'ground', which over time has evolved to represent financial resources. The concept of refunding grew with the development of commerce, which necessitated systems for managing returns and exchanges. By the early 20th century, formal practices surrounding refunds were established, notably influenced by retailers and customers seeking to ensure satisfaction. Today, refunding is a standard practice in various industries, including retail, travel, and online marketplaces, reflecting a growing emphasis on consumer rights.

Word Frequency Rank

At position #12,836, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.