money-back guarantee — A promise by a company to refund the full purchase price if the customer is not satisfied with the product
Part of speech: NOUN
Definition: A promise by a company to refund the full purchase price if the customer is not satisfied with the product
Pronunciation (IPA): /ˈmʌni bæk ˌɡærənˈtiː/
Example Sentences
- The diet pill company's money-back guarantee seemed too good to be true - and it was!
- With our money-back guarantee, you have nothing to lose except maybe your wallet when you buy more.
- The company's money-back guarantee helped increase customer confidence and sales.
money-back guarantee
NOUN[/ˈmʌni bæk ˌɡærənˈtiː/]
A promise by a company to refund the full purchase price if the customer is not satisfied with the product
a smiling store clerk hands cash back to a customer who is returning a broken tablet. The customer looks relieved as they receive their full refund amount. The clerk points to a large policy sign while counting out bills into the customer's open hand. Behind them, the returned tablet sits on the counter next to a receipt. Other customers wait in line, watching the smooth refund process with confidence. a promise by a company to refund the full purchase price if the customer is not satisfied with the product
Our specialty ensures quality with a money-back guarantee!
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🎤Pronunciation
🌳Etymology
Origin
A modern business term that emerged in the late twentieth century alongside growing consumer protection awareness. It combines 'money' (from Old English 'mynet', meaning coin or payment), 'back' (from Old English 'bæc', meaning return or restoration), and 'guarantee' (from French 'garantie', meaning assurance or warranty).
Breakdown
money (payment or currency) + back (return or restoration) + guarantee (assurance or promise). The compound functions as a commercial assurance that funds will be refunded if the product or service fails to meet customer expectations.
🎵Rhyme
🔗Collocations
📝Examples
“The diet pill company's money-back guarantee seemed too good to be true - and it was!”
“With our money-back guarantee, you have nothing to lose except maybe your wallet when you buy more.”
“The company's money-back guarantee helped increase customer confidence and sales.”
“Make sure to read the fine print of any money-back guarantee before making a purchase.”
📚Related Words
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