Refundable (adjective)

Able to be refunded or returned.

Origin:

Late 17th century: from refund (verb) + -able.

Examples:

1. The ticket was refundable if the flight was cancelled.
2. The purchase was refundable within 30 days of the purchase date.
3. The deposit was refundable if the rental equipment was returned in good condition.
4. The fee was refundable if the service was not satisfactory.
5. The tax credit is refundable, meaning that if the credit amount exceeds the taxpayer's tax liability, the taxpayer will receive the difference as a refund.