1. able to be returned or paid back

Examples

• The airline ticket was fully refundable if canceled within 24 hours.
• She paid a refundable deposit of $200 for the apartment.
• The store offers refundable exchanges within 30 days of purchase.
• All conference fees are refundable until one week before the event.
• The hotel requires a refundable security deposit for incidental charges.
• This insurance policy includes refundable premiums if not used.