Rebate
/ˈriːbeɪt/
Meaning & Definition
noun
A return of a part of a payment.
After filing my taxes, I received a rebate from the government.
A discount or reduction in the price of a product or service.
The store is offering a rebate on all electronics this weekend.
verb
To return a portion of a payment or a discount.
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
Get a break on a payment.
I managed to nab a rebate on that new TV.
Score a cash back deal.
I love using this credit card because I always get rebates.