Meaning & Definition of word "Rebate"
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Rebate
/ˈriːbeɪt/
noun:
- 1. A return of a part of a payment.
- Example: After filing my taxes, I received a rebate from the government.
- 2. A discount or reduction in the price of a product or service.
- Example: The store is offering a rebate on all electronics this weekend.
verb:
- 1. To return a portion of a payment or a discount.
- Example: The company will rebate 10% of the purchase price to the customers after the sale.
Etymology
Middle English, from Old French 'rebater', meaning 'to beat back'.
Common Phrases and Expressions
mail-in rebate:
A rebate that requires the customer to submit a form in the mail.
instant rebate:
A rebate that is applied immediately at the point of sale.
rebate check:
A check issued as a refund to a customer.
Related Words
refund:
Money returned to a customer.
discount:
A reduction in price.
deduction:
An amount that is subtracted from a total.
Slang Meanings of rebate
Meaning: Get a break on a payment.
Example Sentence: I managed to nab a rebate on that new TV.
Meaning: Score a cash back deal.
Example Sentence: I love using this credit card because I always get rebates.