Definition - What does Refurbished mean?
Refurbished refers to old, used or returned computer/electronics that is restored by a manufacturer to like new condition, in terms of performance and appearance. Common sources are hardware devices returned due to manufacturing flaws and defects, or devices returned by retailers because of poor or damaged packaging.
Refurbished hardware is resold at prices that are lower than brand new model units.
Techopedia explains Refurbished
Reasons for repair range from damaged packaging to hardware, like a bad motherboard or defective LCD. Because of this, refurbished products are never sold as brand new. Consumers often avoid refurbished products because of this ambiguity.