### Question
What does refund mean?


### Answer
**Refund** has the following meaning in *15 U.S.C. § 2301*:

> refunding the actual purchase price (less reasonable depreciation based on actual use where permitted by rules of the Commission)

#### Citation:
  - *15 U.S.C. § 2301*
  - Heading: **CHAPTER 50-CONSUMER PRODUCT WARRANTIES**

