refund

(redirected from refundable)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to refundable: Refundable Tax Credits

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 ?
In order to mark the launch of its new fare option, through 13 February, the airline is offering TrueBlue Customers who book refundable travel quadruple TrueBlue points each way when they book online, or triple TrueBlue points each way when booking through other channels.
53(e)(2) further limits the refundable MTC for high-income taxpayers by using the same phaseout rules (Sec.
These transactions usually result in either refundable advances or equity transactions.
Overall, Fitch views the FASB guidelines positively for the improved clarity and better consistency on the sector's treatment of refundable entrance fees," said Jim LeBuhn, Senior Director.
Customers with refundable fares can still stand by on their ticketed day of departure without a fee.
A member of a club can't make an interest-free refundable deposit with the club in exchange for full or partial membership rights and avoid being taxed on the forgone interest.
6011-4(b)(4), a transaction with contractual protection is one involving (1) a refundable fee, if all or part of the transaction's intended tax consequences are not sustained; or (2) a fee contingent on the taxpayer's realization of the transaction's tax benefits.
Canada is now an attractive place for film and television work because producers get refundable tax credits which are quickly converted to cash.
This represents no change from existing rules; the amount of tax currently payable or refundable usually follows an enterprise's current tax return.
Customers traveling on refundable tickets will continue to have the ability to confirm same-day flight changes without incurring a fee.
Refundable credits can be significant, especially to a low-income individual, and provide quite an incentive for an employee to report wages on Form 1040.
Introduction of two new levels of advance purchase, non- refundable fares that will stimulate additional passengers and make Air South's fare superiority easier to understand when compared with other airline prices.