Meaning of the word nonrefundable in English

What does nonrefundable mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

nonrefundable

US /ˌnɑn.rɪˈfʌn.də.bəl/
UK /ˌnɒn.rɪˈfʌn.də.bəl/

Adjective

not able to be returned for a refund

Example:
The concert tickets are nonrefundable.
Please note that all deposits are nonrefundable.