IPA: /rɪˈfʌndəˌbɪlɪti/
KK: /rɪˈfʌndəˌbɪlɪti/
The quality or condition of being able to be returned for a refund.
The refundability of the ticket depends on the airline's policy.
Refundability → It is formed from "re-" (meaning again) and "fundare" (from Latin, meaning to provide or supply funds) and the suffix "-ability" (meaning the quality of being able to). The word "refundability" refers to the quality of being able to provide funds again or the possibility of getting money back.
Think of 'again' ('re-') and 'providing funds' ('fundare') to remember that 'refundability' means the ability to get money back.