About this question
According to the (Salesforce help) page :
Refreshing a sandbox updates the sandbox’s metadata from its source org. If the sandbox is a clone or if it uses a sandbox template, the refresh process updates the org’s data in addition to its metadata. Is there a more layman definition than this? Like what does sandbox's metadata mean exactly? Does it clear all the configurations built, all records created or both (meaning reset completely to a clean slate)?