Meaning of the word "issue a refund" in English

What does "issue a refund" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

issue a refund

US /ˈɪʃu ə ˈriːfʌnd/
UK /ˈɪʃuː ə ˈriːfʌnd/

Phrase

to give money back to someone, especially because they are not satisfied with a product or service

Example:
The store agreed to issue a refund for the faulty product.
If you're not satisfied, we will gladly issue a refund.