A refund may consist of the return of money that had been given for a certain purpose.
Reintegration is the action and effect of reintegrating (to restore or satisfy something, to reconstruct the integrity of something, to recover what had been lost). The term can be used to name the payment of money or something that is due: “Could you lend me a hundred pesos? Tomorrow, when I get paid, I will refund them to you” , “Here you have the refund of the merchandise that you had left me on consignment” , “If you do not comply with the refund of your debt, Don Vittorio Caponieri will pay you a visit and I do not think it will be friendly ” .
A refund can also be the return of money that had been disbursed for some purpose . A tax regime may require payment of an advance amount to the taxpayer; At the end of a certain period, according to the fulfillment of certain conditions, the State can return part of said money to whoever had paid.
Another example of a refund occurs when a person makes a payment to access a certain product but, due to different circumstances, finally does not receive said good or cannot use it (due to lack of stock, a failure, etc.). The selling company will, therefore, refund the money (that is, return it to you).
Refund as a commercial strategy
There are many businesses that rely on the promise of a refund due to lack of satisfaction to sell not very popular products, or to boost sales of new items that the public has not had the opportunity to try before.
In this case, it is not necessary that there is a fault in its operation or a factory defect, but it is enough that it is not attractive enough once used for the money to be refunded .
In the lottery, the refund means recovering what you bet.
The term in the lottery
In the lottery , a refund is a prize that is equal to the amount played.
If we buy a ticket that costs 10 pesos and we win the same amount, it will be said that we have achieved a refund (we did not win money, but we did not lose either, but rather we recovered what we bet).
Repayment of a subsidy
Known as a subsidy, it is the delivery of an amount of money by the Administration to a private person, without having to return it, with the aim of carrying out a pre-established activity that is considered of public interest . This intervention is part of the promotion activity . In some cases, such as those set out below, beneficiaries are forced to reimburse the subsidy:
* if they obtain the subsidy by falsifying the conditions of the application, or by not declaring information that they knew would have prevented them from accessing it;
* if they fail to fully or partially comply with the project for which they have received it;
* if they do not comply with the dissemination measures proposed at the time of granting ;
* if they resist or obstruct in any way the attempts to control and verify the use of the money, as provided by the Law, or if they fail to comply with the obligations of document conservation, registration or accounting, making it impossible to verify the destination they have had. the funds.
Obtaining a subsidy helps thousands of people overcome difficult economic situations, both to survive and to embark on business projects when they do not have sufficient funds . However, for every honest person who requests help from the Government, there are several who only seek to take advantage of the system, and to combat this abuse there are rules that provide for the possibility of demanding the refund of the money.
A reinstatement
Reintegration, finally, is the return to an activity or the fact of joining a group again .
“The reinstatement of the manager will take place during the next week” y “I already have the vacation dates: my return is scheduled for the 19th” son expresiones que muestran este uso.