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Refundable vs Refundability - What's the difference?

refundable | refundability |

As an adjective refundable

is able to be refunded or swapped in case of customer dissatisfaction, loss, breakage etc.

As a noun refundability is

the quality of being refundable.

refundable

English

Adjective

(-)
  • Able to be refunded or swapped in case of customer dissatisfaction, loss, breakage etc.

    • Antonyms

    * non-refundable, nonrefundable

    See also

    * deposit

    refundability

    English

    Noun

    (-)
  • The quality of being refundable.
  • *{{quote-news, year=2007, date=June 10, author=Christine Larson, title=As ‘Continuing Care’ Grows, So Do the Payment Options, work=New York Times citation
    • , passage=Like most of Kendal’s nine other retirement communities, Kendal at Oberlin now offers two different Type A contracts and one Type B contract, with three levels of refundability for each. }}