Finance & Banking

Refund

ˈriːfʌnd

noun

What does Refund mean?

Money returned when you overpaid taxes.

Example sentence

"My tax refund was $1,200 this year."

American usage tip

A big refund means you over-withheld all year.

Related Finance & Banking words

Pay yourself first
Save automatically before spending.
Minimum payment
The smallest allowed credit card payment.
Interest rate
The cost of borrowing or reward for saving.
APY
Annual Percentage Yield — yearly interest earned.
Emergency fund
Savings covering 3-6 months of expenses.
Annual fee
The yearly cost of holding a credit card.
Checking account
The everyday account for spending and bills.
Cashback
A percentage of spending returned to you.

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