Rebating
/ˈriːˌbeɪtɪŋ/
Definitions
- (n.) The illegal practice of refunding a portion of a commission or fee to induce business, often considered unlawful in insurance and real estate contexts.
The agent was penalized for rebating commissions to clients against regulatory rules.
Related terms
See also
Commentary
Rebating often involves anti-competitive concerns and may violate regulatory statutes, especially in insurance; ensure precision in drafting prohibitions or exceptions.
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.