refundment|rɪˈfʌndmənt| [f. refund v.1 + -ment.] The act of refunding. 1826Lamb EliaSer. ii. Pop. Fallacies ii, The denunciators have been fain to postpone the prophecy of refundment to a late posterity.1896Westm.Gaz. 18 Feb. 5/1 The guarantees..for the refundment of such a loan.