Basic Details
Word: Refund
Part of Speech: Noun / Verb
Meaning: To give back money that someone paid, usually because they returned something or were unhappy with it.
Synonyms: Reimbursement, repayment, restitution
Antonyms: Charge, payment, bill
Idioms and Phrases
- Money back guarantee: A promise that if a customer is not satisfied, they can return a product for a refund. Example: "The shop offered a money back guarantee, making it safe to try the new gadget."
- Pay the piper: To face the consequences of an action, often involving financial loss. Example: "She didn't read the fine print, and now she has to pay the piper for returning the item."
Usage Examples
Example 1: After realising the shoes were too small, he went back to the store to request a refund.
Example 2: The company promised a full refund if the product didn't meet expectations.
Example 3: When the concert was cancelled, all ticket holders were given a refund.
Fun Fact
The term "refund" comes from the prefix "re-", meaning back or again, and "fund", which comes from the Latin "fundus", meaning bottom or base. It originally referred to the act of returning money back to the 'base' or 'bottom' of one's finances.
Famous Quote
"Money is a terrible master but an excellent servant." - P.T. Barnum. This highlights the importance of managing finances, including the process of refunds.
Multiple Choice Questions (MCQs)
1. What does "refund" mean?
a) To give extra money
b) To receive a gift
c) To give back money
d) To buy something new
Answer: c) To give back money
2. Which of these is a synonym of "refund"?
a) Charge
b) Reimbursement
c) Payment
d) Bill
Answer: b) Reimbursement
3. Which sentence uses "refund" correctly?
a) She was happy to refund the cake to her friend.
b) The store issued a refund for the damaged item.
c) He decided to refund his favourite toy.
d) They refund the movie tickets every Tuesday.
Answer: b) The store issued a refund for the damaged item.
4. Which idiom means you will get your money back if you're not satisfied?
a) Pay the piper
b) Money back guarantee
c) Count your blessings
d) Cut corners
Answer: b) Money back guarantee
5. What is the opposite of "refund"?
a) Rebate
b) Charge
c) Refundable
d) Return
Answer: b) Charge
