Cash Refund

Posted in Marketing and Strategy Terms, Total Reads: 11630

Definition: Cash Refund

Cash refund is the money which is returned to the customer in the form of cash. Cash refund can occur due to a variety of reasons. If a customer has been over-invoiced, the excess amount will be refunded to him. Also, if a product is defective, the company may refund the cash back to the customer for returning the product. The cash refund may be the full amount of the product or a partial amount. In the simplest term, it means return or repayment of cash.

Browse the definition and meaning of more terms similar to Cash Refund. The Management Dictionary covers over 7000 business concepts from 6 categories. This definition and concept has been researched & authored by our Business Concepts Team members.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on Linkedin