Buying an iPad
What's the difference in buying an iPad when it says "Refurbished" or "Renewed"?
iPad mini, iOS 9
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The following has information about how Apple uses the term "refurbished": https://www.apple.com/shop/refurbished/about
I don't believe Apple uses the term "renewed."
There are some 3rd parties that use the term "refurbished" (and possibly "renewed") and you would need to check with them for details of what they mean.