Is “Refunds” a Scrabble word?

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Yes
REFUNDS
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Invalid

Meaning of Refunds

noun
  1. 1.An amount of money returned.

    If the camera is faulty, you can return it to the store where you bought it for a full refund.

verb
  1. 1.To return (money) to (someone); to reimburse.

    If you find this computer for sale anywhere at a lower price, we'll refund you the difference.

  2. 2.To supply again with funds.

    to refund a railroad loan

  3. 3.To pour back.