RESTITUTE
renovate, restitute
(verb) restore to a previous or better condition; “They renovated the ceiling of the Sistine Chapel”
restore, restitute
(verb) give or bring back; “Restore the stolen painting to its rightful owner”
Source: WordNet® 3.1
Etymology
Verb
restitute (third-person singular simple present restitutes, present participle restituting, simple past and past participle restituted)
(transitive) To restore (something) to its former condition.
(transitive) To provide recompense for (something).
(transitive) To refund.
Noun
restitute (plural restitutes)
That which is restored or offered in place of something; a substitute.
Source: Wiktionary
Res"ti*tute (rs"t*tt), v. t. Etym: [L. restitutus, p. p. of
restituere; pref. re- re- + statuere to put, place. See Statute.]
Definition: To restore to a former state. [R.] Dyer.
Res"ti*tute, n.
Definition: That which is restored or offered in place of something; a
substitute. [R.]
Source: Webster’s Unabridged Dictionary 1913 Edition