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