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What does refunding mean?

Looking for the meaning or definition of the word refunding? Here's what it means.

Verb
  1. present participle of refund
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When refunding any payment, One.com reserves the right to debit an amount covering the bank-fees and administration costs concerning the refund.
To get round them, most of these schemes involve taxing all cars or lorries, but in effect refunding domestic drivers by reducing vehicle taxes.
The infringement of one of our general conditions of subscription will make impossible any registration or any refunding.
Major airlines are refunding tickets to travellers who have booked flights to countries affected by the Zika virus.
The product is turned over simply because you are not satisfied: refunding of the product, expenses of return to your load.
The deferment of taxation expires upon the transfer, the repurchase, the refunding or the cancellation of the shares received in exchange.

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