Definition of «refundable portion»

The phrase "refundable portion" refers to the part of a payment or cost that can be returned or refunded to you if needed.

They may also include compensation for any unused and non refundable portion of your trip. (visitorscoverage.com)
The child tax credit would double, and it has a larger refundable portion that would allow more lower - income families to benefit. (nytimes.com)
You then reduce the $ 700 by the $ 800 refundable portion of your American Opportunity credit. (turbotax.intuit.com)
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