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re·fund1 • v. / riˈfənd; ˈrēˌfənd/ [tr.] pay back (money), typically to a customer who is not satisfied with goods or services bought: if you're not delighted with your purchase, we guarantee to refund your money in full. ∎  pay back money to (someone): I'll refund you for the apples and any other damage.• n. / ˈrēˌfənd/ a repayment of a sum of money, typically to a dissatisfied customer: you are entitled to reject it and insist on a refund you'll get an immediate tax refund.DERIVATIVES: re·fund·a·ble·fund2 / rēˈfənd; ˈrē-/ • v. fund (a debt, etc.) again.