English / phrase
refund policy
MEANING IN ENGLISH
the formal terms and regulations that outline how and when a merchant returns money for returned goods or cancelled services
In context
01
Be sure to read the merchant's refund policy carefully before ordering expensive electronics online.
02
The store offers a generous thirty-day refund policy for products returned in their original packaging.
Synonyms
Return policy,reimbursement terms,money-back policy
Antonyms
All sales final,non-refundable terms,no-return policy
Collocations
Strict refund policy,fair refund policy,check the refund policy