refund

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

refundable, adjective
refundability, noun
refunder, noun
refundment, noun
nonrefundability, noun
nonrefundable, adjective
unrefundable, adjective
Dictionary.com Unabridged

refund

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. 2014.
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Collins
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
If for any reason your purchase does not satisfy you, simply return the item
  for a prompt full refund or exchange.
The company said that all items should be destroyed or returned for a refund.
Consumers who still have the chow can return it to the store where they bought
  it for a refund.
They were rightly hammered in the press and had to change their policy and
  refund money.
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