computer technology, refurbished refers to "old" or used computer equipment that has been restored to like-new working condition and/or appearance or computer devices that have been sent back to the factory to fix a flaw. The term typically refers to the hardware components of a computer that have been either replaced with similar components or updated with newer technology than the device originally came with. Companies that lease computers will often refurbish the computers after they are turned in and resell the refurbished units, commonly referred to as refurbs, at prices lower than those of new computers and/or donate the refurbs to schools or charities.