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.

Middle English, from Old French 'rebater', meaning 'to beat back'.

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.

refund

Money returned to a customer.

discount

A reduction in price.

deduction

An amount that is subtracted from a total.

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.