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Refunding: meaning, definitions and examples

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refunding

 

[ rɪˈfʌndɪŋ ]

Noun
Context #1 | Noun

financial transaction

Refunding refers to the process of returning money to a customer for a product or service that was unsatisfactory, defective, or returned. It often occurs in retail and service industries as a way to maintain customer satisfaction and loyalty.

Synonyms

refund, reimbursement, repayment

Examples of usage

  • I received a refunding for my defective laptop.
  • The store has a 30-day refunding policy.
  • Refunding can take several days to process.
  • She requested a refunding after the item arrived damaged.

Translations

Translations of the word "refunding" in other languages:

🇵🇹 reembolso

🇮🇳 रिफंडिंग

🇩🇪 Rückerstattung

🇮🇩 pengembalian

🇺🇦 повернення

🇵🇱 zwrot

🇯🇵 払い戻し

🇫🇷 remboursement

🇪🇸 reembolso

🇹🇷 iade

🇰🇷 환불

🇸🇦 استرداد

🇨🇿 vrácení

🇸🇰 vrátenie

🇨🇳 退款

🇸🇮 vračilo

🇮🇸 endurgreiðsla

🇰🇿 қайтару

🇬🇪 გადახდა

🇦🇿 geri qaytarma

🇲🇽 reembolso

Etymology

The term 'refunding' is derived from the verb 'refund,' which comes from the combination of the prefix 're-' meaning 'again' and the root 'fund,' meaning 'to provide money.' The use of the word in terms of financial transactions can be traced back to the late 19th century, as consumer rights began to gain traction with the growth of commerce and retail. As businesses recognized the importance of customer satisfaction, refund policies became more common, thus leading to the formalization of the term 'refunding' in business practices. Over time, the concept has expanded to encompass various means of returning funds not only for products but also for services rendered.

Word Frequency Rank

At position #14,722, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.