refund 1
— refundable , adj. — refundability , n. — refunder , n. — refundment , n.
v. /ri fund", ree"fund/ ; n. /ree"fund/ , v.t.
1. to give back or restore (esp. money); repay.
2. to make repayment to; reimburse.
v.i.
3. to make repayment.
n.
4. an act or instance of refunding.
5. an amount refunded.
[ 1350-1400; ME refunden (v.) refundere to pour back, equiv. to re- RE- + fundere to pour; see FOUND 3 ]
refund 2
/ree fund"/ , v.t.
1. to fund anew.
2. Finance.
a. to meet (a matured debt structure) by new borrowing, esp. through issuance of bonds.
b. to replace (an old issue) with a new one.
[ 1855-60; RE- + FUND ]