refundable
adj. B2 Upper Intermediate US //ɹɪˈfəndəbəɫ// UK //ɹɪfˈʌndəbəl// re·fund·able
adj. describing money that you can get back if you decide not to use a service or return a product. You often see this when buying travel tickets or paying a deposit.
adj. referring to a sum of money that is capable of being returned or repaid, typically upon the cancellation of a contract or the return of goods.
The deposit for the rental car is fully refundable.
I chose to pay a slightly higher price for a refundable ticket in case my meeting was cancelled.
While the base fare is strictly non-refundable, the associated taxes and airport fees may be reclaimed if the passenger fails to board the flight.
Usage
Often used in commercial contexts; frequently follows the verb 'to be' or modifies nouns like 'deposit', 'ticket', or 'fee'.