re·fund

1 [v. ri-fuhnd, ree-fuhnd; n. ree-fuhnd]
verb (used with object)
1.
to give back or restore (especially money); repay.
2.
to make repayment to; reimburse.
verb (used without object)
3.
to make repayment.
noun
4.
an act or instance of refunding.
5.
an amount refunded.

Origin:
1350–1400; Middle English refunden (v.) < Latin refundere to pour back, equivalent to re- re- + fundere to pour; see found3

re·fund·a·ble, adjective
re·fund·a·bil·i·ty, noun
re·fund·er, noun
re·fund·ment, noun
non·re·fund·a·bil·i·ty, noun
non·re·fund·a·ble, adjective
un·re·fund·a·ble, adjective
00:10
Refund is one of our favorite verbs.
So is subtilize. Does it mean:
to introduce subtleties into or argue subtly about.
to flee; abscond:
Dictionary.com Unabridged

re·fund

2 [ree-fuhnd]
verb (used with object)
1.
to fund anew.
2.
Finance.
a.
to meet (a matured debt structure) by new borrowing, especially through issuance of bonds.
b.
to replace (an old issue) with a new one.

Origin:
1855–60; re- + fund

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
refund
 
vb
1.  to give back (money), as when an article purchased is unsatisfactory
2.  to reimburse (a person)
 
n
3.  return of money to a purchaser or the amount so returned
 
[C14: from Latin refundere to pour back, from re- + fundere to pour]
 
re'fundable
 
adj
 
re'funder
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

refund
"to give back, restore," early 15c. (earlier "to pour back," late 14c.), from O.Fr. refunder "restore," from L. refundere "give back, restore," lit. "pour back," from re- "back" + fundere "to pour" (see found (2)). Specifically of money from 1550s. The noun is 1866, from the verb.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Another high cost way to borrow money is a tax refund loan.
They were rightly hammered in the press and had to change their policy and
  refund money.
Consumers who still have the chow can return it to the store where they bought
  it for a refund.
Consumers who have purchased any of these pig ears are urged to return the
  product to the place of purchase for a full refund.
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