nonrefundable

Nonrefundable is an adjective describing payments, reservations, or policies in which the purchaser cannot receive a refund if the arrangement is canceled or altered. It is commonly used in consumer contracts to shift part or all of the financial risk to the buyer.

Common contexts include travel and hospitality (airline tickets, hotel bookings, tours, cruise fares), events (concert or sporting tickets), real estate deposits, and prepaid services or memberships. In many cases a price is offered at a lower rate with a nonrefundable condition; purchasers accept the restriction to obtain a lower price or guarantee.

Terms associated with nonrefundable arrangements are typically laid out in the contract or terms and conditions. Consumer protection laws may require clear disclosure of cancellation policies, change fees, and any credits offered in lieu of a cash refund. Some jurisdictions provide exceptions for force majeure, medical emergencies, or other specific circumstances, and some contracts remain subject to general consumer rights and warranty rules despite a nonrefundable label.

For buyers, nonrefundable terms preserve the price or hold a reservation but transfer the risk of loss if plans change. For sellers, such terms reduce the likelihood of last-minute cancellations and can improve revenue predictability. Visitors and consumers are advised to read policies carefully, consider whether insurance or more flexible options are worth the extra cost, and seek clarification on any circumstances that might warrant a refund, credit, or modification. Clear disclosure helps prevent disputes and supports fair handling of cancellations.