Business terms and jargon explained. Your business dictionary
What is Refund
This is the return of money where there has been an overpayment or when a product has been returned. IF you have paid to much tax there will be a tax refund where the tax office will pay back what is owed to you.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.