refund


Also found in: Dictionary, Thesaurus, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to refund: Tax refund

refund

noun compensation, cut, discount, money back, payment for expenses, rebate, recompense, recoupment, reduction, refundment, repayment, replacement, restitution, return, satisfaction, settlement

refund

verb adjust, compensate, dissolvere, give back, honor a claim, indemnify, make amends, make commensation, make good, make restitution, pay back, rebate, recompense, reddere, redeem, reimburse, repay, replace, requite, restore, return, satisfy, settle, square
See also: bear the expense, compensate, consideration, defray, discharge, indemnify, indemnity, payment, quit, rebate, reciprocate, recompense, recoup, reimburse, reimbursement, remunerate, repay, replace, replacement, restitution, restore, return

TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid.
     2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies which they may have paid, or so much as may be necessary. to pay the debts of the testator; and in order to insure this, they are generally authorized to require a refunding bond. Vide 8 Vin. Ab. 418; 18 In Vin. Ab. 273; Bac. Ab. Legacies, H.

References in periodicals archive ?
Given this uncertainty, affected taxpayers should immediately file a refund claim or a protective refund claim.
In order to have the best chance of recovering an overpayment of Communications Excise Tax, each taxpayer should consider filing refund claims for overpaid Communications Excise Tax for all relevant periods as soon as possible.
In a survey of about 800 people, 59 percent said they will spend their tax refund on everyday purchases and bills, according to the Cambridge Consumer Credit Index, a monthly telephone poll sponsored by Debt Relief Clearinghouse Ltd.
In a February 2003 speech, Illinois Attorney General Lisa Madigan warned consumers against getting rapid refund loans, pointing out that if the IRS gave them less of a return than they expected, they must repay the difference.
6511(b)(2)(A) declares that if the refund claim is filed within three years of filing the return, the amount of the allowable refund is limited to the amount paid within the period that is "equal to three years plus the period of any extension of time for filing the return.
The problem with the refund procedure here is not one of substance but of timeliness," Schwartz said in the May 12 decision.
Tourists bringing purchases home are generally entitled to a refund.
If you expect a refund next year, you should make steps now to have more take-home pay, rather than wait until the summertime to get the refund and then blow the money," says Marvin Mangham, a financial advisor with the Atlanta Planning Group.
Refund checks go astray for reasons that vary with each taxpayer.
The refund process may be onerous, but as most CPAs know, working with the IRS generally is not easy.
Hungering and thirsting to be made whole, they reached for a refund from the bough of statutory procedure and past practice, only to have it blown out of reach by the State; belatedly told to stoop to drink relief, they discovered the possibility of a refund had long since drained away.
Investment properties sought summary judgement declaring that it is entitled to the refund on the grounds that: (a) the building owner would be unjustly enriched if it received the credit for the savings, and (b) that since the lease is silent as to the question of how the tax refund should be allocated, principals of equity and fairness dictate that the refund should go to Investment Properties, since it paid the taxes.