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LSDefine

Simple English definitions for legal terms

refund

Read a random definition: inhonestus

A quick definition of refund:

A refund is when someone gets their money back because they paid too much. This can happen when someone overestimates how much tax they owe or when their employer takes too much money out of their paycheck. Refund can also mean the act of replacing old securities with new ones.

A more thorough explanation:

Definition: Refund is the return of money to a person who has paid more than what was required or owed. This can happen when a person overestimates their tax liability or when an employer withholds too much tax from their earnings.

Examples:

  • When John filed his tax return, he realized that he had overpaid his taxes. The government issued him a refund of $500.
  • Mary bought a dress online, but it didn't fit her. She returned the dress and received a refund of the purchase price.
  • Bob refinanced his mortgage by replacing his old loan with a new one. The new loan had a lower interest rate, which resulted in a refund of the excess interest he had paid on the old loan.

The examples illustrate how a refund is the return of money that was paid in excess. In the first example, John paid more taxes than he owed, so he received a refund. In the second example, Mary paid for a dress that she returned, so she received a refund of the purchase price. In the third example, Bob paid excess interest on his old mortgage, so he received a refund of the excess amount when he refinanced.

refugeeism | refund annuity

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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