refund

Defined in 5 dictionaries — U.S. Code, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910)

United States Code

15 U.S.C. § 2301 — for the purposes of this chapter

The term “refund” means refunding the actual purchase price (less reasonable depreciation based on actual use where permitted by rules of the Commission).

30 U.S.C. § 1702 — for the purposes of this chapter

“refund” means the return of an overpayment;

Show all 2 definitions and how they changed over time

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. On a deficiency of assets, executors and administrators cum testamento annexo are entitled to have refunded to them legacies which they may have paid, or so much as may be necessary to pay the debts of the testator; and in order to insure this they are generally authorized to require a re-

Ballentine's Law Dictionary

James A. Ballentine · 1916

A repayment or restoration of money previously paid; to refinance a debt, such as a bonded debt or a public debt.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. On a deficiency of assets, executors and administrators cum testamento annexe are entitled to have refunded to them legacies which they may have paid, or so much as may be necessary to pay the debts of the testator; and in order to insure this they are generally authorized to require a refunding bond. See Bac. Abr. Legacies (II).

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

To repay or restore; to return money had by one party of another See Rackliff v. Greenbush, 93 Me. 99, 44 Atl. 375; Maynard v. Mechanics' Nat. Bank, 1 Brewst. (Pat) 484; Gutch v. Fosdick, 48 N. J. Eq. 353, 22 Atl. 590, 27 Am. St. Rep. 47S.

— Refunding bond. A bond given to an executor by'a legatee, upon receiving payment of the legacy, conditioned to refund the same, or so much of it as may be necessary, if the assets prove deficient.

— Refunds. In the laws of the United States, this term is need to denote sums of money received by the government or its officers which, for any cause, are to be refunded or restored to the parties paying them; such as excessive duties or taxes, dudes paid on goods destroyed by accident, duties received on goods which are re-exported, etc.