Rebate
/ˈriːbeɪt/
Definitions
- (n.) A partial refund or return of money paid, typically as an incentive or reduction in price.
The company offered a $50 rebate on the new appliance to encourage sales.
- (v.) To return part of a payment or amount paid, often as an incentive or adjustment.
The seller agreed to rebate the excess amount paid due to an overcharge.
Forms
- rebates
- rebated
- rebating
Related terms
See also
Commentary
Commonly used in commercial and tax contexts; clarity is important to distinguish rebates from discounts or refunds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.