Refund in Legal Terminology
reimbursement or recovery; Return the money returned by one party to another. Repurchase of the bond. A bond granted to an executor by a legatee upon receipt of payment of the legacy, provided that the same or as much as necessary is reimbursed if the property proves defective. Refunds. In U.S. law, this term is used to refer to sums of money received from the government or its officials that must be returned or returned for any reason to the parties paying them; such as excessive duties or taxes, duties on accidentally destroyed goods, duties levied on re-exported goods, etc. A refund policy is a document that describes the rules for refunding goods and services purchased. A refund policy often includes the eligibility requirements for refunds, the types of refunds granted, the refund period, and the return process. reimbursement or recovery; Return the money returned by one party to another. See Rackl Iff v.
Greenbush, 93 Me. 99, 44 Atl. 375; Maynard v. Mechanics` Nat. Bank, 1 Brewst. (Pa.) 484; Gutch v. Fosdick, 48 N. J.
Eq. 353, 22 Atl. 590, 27 hours. Rep. 473. Constructive contract, had money and received, refund, refund, simple pension.