Definition of refundable

The word "refundable" has its roots in the 14th century. The term "refund" itself comes from the Latin "refundere", which means "to pour back" or "to repay". This Latin word is a combination of "re-" (meaning "again" or "back") and "fundere" (meaning "to pour"). In English, "refund" initially meant "to pour back" or "to restore", and later took on the sense of returning money or goods after an initial payment. The adjective "refundable" emerged in the 17th century, describing something that can be refunded or returned. Over time, the word's meaning expanded to include the idea of being eligible for a refund, such as with ticket purchases, deposits, or memberships. Today, "refundable" is commonly used in various contexts, including finance, travel, and commerce, to indicate the possibility of getting a portion of one's payment back if certain conditions are met.