A "No Return Policy" means that customers cannot return items after purchase for a refund or exchange. This policy is often implemented by retailers to reduce costs associated with processing returns and managing inventory. It is important for customers to understand this policy before making a purchase, as they will be unable to get their money back if they change their mind or if the product is defective. Many stores with a "No Return Policy" may still offer exchanges or store credit under certain conditions. Customers should carefully read the terms and conditions related to the policy, as it can vary by retailer. Understanding this policy helps consumers make informed decisions when shopping at places like online stores or discount retailers.