Definition, Meaning & Synonyms
partial-refund
noun
/ˈpɑːrʃl rɪˈfʌnd/
Definition
A partial refund is a reimbursement of only a portion of the original amount paid for a product or service.
Examples
- If a customer returns a shirt that had a small stain, they might receive a partial refund instead of a full refund.
- The travel agency offered a partial refund for the canceled trip due to unforeseen circumstances.
- After discussing the issues with the product, the company agreed to give her a partial refund as compensation.
Meaning
When a customer returns an item or is dissatisfied with a service, a partial refund may be issued, indicating that they will receive some of their money back, but not all of it.
Synonyms
- Partial reimbursement
- Pro-rated refund
- Partial credit
