Difference between Repayment and Refund

What is the difference between Repayment and Refund?

Repayment as a noun is the act of repaying while Refund as a noun is an amount of money returned.

Part of speech: noun

Definition: the act of repaying

Example sentence: God is not looking for repayment, but repentance. What heals a broken relationship is sincere love and contrition.

Part of speech: verb

Definition: To return (money) to (someone).

Part of speech: noun

Definition: An amount of money returned.

We hope you now know whether to use Repayment or Refund in your sentence.