Refundable

Referring to an amount of money that can be returned to a purchaser or user, typically following the return of a product or service or upon the cancellation of a transaction. Refundability conditions often vary based on the seller's policies or applicable laws, and products may be categorized as refundable if they meet specific criteria established by the selling entity.

Refundable meaning with examples

• When booking a hotel, I specifically looked for refundable options, as I wanted to keep my plans flexible in case something came up. It turned out to be a wise decision, as I needed to change my travel dates. Luckily, the extra cost for the refundable rate was minimal, giving me peace of mind throughout my trip.
• Before signing up for the gym membership, I read through all the terms and conditions to ensure that the initial registration fee was refundable within the first month. I didn’t want to be stuck with a long-term commitment without knowing if the gym environment would suit me. Thankfully, they offered a risk-free trial period.
• The concert tickets I purchased were marked as refundable, which I considered a great advantage. Unfortunately, due to unforeseen circumstances, I had to miss the show. When I contacted customer service, they processed my refund swiftly, reminding me that I had a limited window in which to request it. I appreciated their promptness.
• As I browsed online for software subscriptions, I focused on plans that were refundable within a certain period. This feature allowed me to test out different options without a long-term obligation. I ultimately found a program that met my needs, and I felt relieved knowing I could get a refund if it wasn’t a good fit.