A “factory reconditioned” item was returned, inspected, and restored to fully working condition by the original manufacturer or a certified partner. And the original manufacturer stands behind it with a warranty. It’s as close to new as you can get without technically being “new”.
Refurbished covers everything from buyers’ remorse returns and products whose defects have been repaired by the pros to damaged packaging and discontinued items. If you can accept their checkered past, refurbs have a lot of love to give.