to give back or restore (esp. money); repay.
to make repayment to; reimburse.
to make repayment.
an act or instance of refunding.
an amount refunded.
re•fundPronunciation: (rē-fund'), [key]
to fund anew.
to meet (a matured debt structure) by new borrowing, esp. through issuance of bonds.
to replace (an old issue) with a new one.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.