Definition of Factory Refurb: "Honey, I can't figure this damn thing out - do you still have the receipt?"
Definition #2: "Okay, the project's done - Let's box this crap up, take it back, and maybe have enough time for a coupla beers at the airport before the flight!"
Seriously.
The boxmart sends it to the vendor warehouse, where they make sure it fires up, and that all the cables, etc., are there, then they stick a refurb sticker on it, and send it to a Tiger Direct warehouse.
Now, both of the computers on this table are Tiger Direct refurbs. They rawk.
But if you want a box to hit interwebz stuff, and you're not into warcrack, etc., you can play for under $200.