Definition, Meaning & Synonyms
refund-a-deposit
Phrase
rɪˈfʌnd ə dɪˈpɒzɪt
Definition
To return money that was previously paid for a deposit back to the payer.
Examples
- If you cancel your reservation, you are eligible for a refund-a-deposit.
- The hotel will refund your deposit if you check out on time.
- Make sure to read the cancellation policy to understand how to claim your refund-a-deposit.
Meaning
This term is often used in contexts where an initial payment is made as a security or guarantee, and is returned if certain conditions are met.
Synonyms
- Deposit return
- Deposit reimbursement
- Deposit payback
