Refunds (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms

Refunds

NO refunds beyond this point!
Creative Commons License photo credit: Ben Husmann

Payments returned to the government that were made in error. They are credited to the appropriation originally charged. Either (1) the return of money that the government improperly collected or collected in excess of the amount owed (for example, refund is money owed to taxpayers by the government when their total tax payments are greater than their total tax) or (2) money returned as an appropriation by outside sources for payments that the government made in error, overpayments, or adjustment for previous amounts disbursed. (See also Offsetting Collections.)

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