Refund

An amount paid back because of an overpayment or because of the return of an item previously sold.

An amount of money returned to the policyholder for overpayment of premium or if the policyholder is due unearned premium.

An amount paid back because of an overpayment or because of the return of an item previously sold.

Money owed to taxpayers when their total tax payments are greater than the total tax. Refunds are received from the government.

A lump-sum distribution of employee contributions and interest, which cancels all service credit and benefit rights. A refund is payable to a member after a minimum 90-day separation from service or to a beneficiary upon a member’s death.