Definition, Meaning & Synonyms
refundable
Adjective
/rɪˈfʌndəbl/
Definition
Capable of being returned or paid back, particularly in relation to money.
Examples
- The ticket is refundable if canceled 24 hours in advance.
- Make sure you read the policy to know which deposits are refundable.
- She received a refundable deposit after returning the rented equipment.
Meaning
The term ‘refundable’ refers to items or amounts that can be returned for a refund or reimbursement.
Synonyms
- reimbursable
- returnable
- restitutable
