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cashback

noun [U] (PAYMENT)
 
/ˈkæʃ.bæk/ UK

Definition

a system in which banks or businesses encourage people to buy something by giving them money after they have bought it: The major banks are offering cashback deals of up to £5,000 on their mortgages.Forms of money and methods of payment
(Definition of cashback noun (PAYMENT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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