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English definition of “rebate”

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rebate

noun [C]
 
 
/ˈriːbeɪt/
ACCOUNTING, FINANCE, TAX an amount of money that is paid back to you after you have paid too much: She thinks she is due a tax rebate. Any homeowner who has had a devaluation in their property is eligible for a rebate.apply/qualify for a rebate A good number of senior citizens across the state have still not applied for their rebates.get/receive a rebate If you do not currently receive a rebate and are on a low income, please apply to the council now.
COMMERCE an amount of money that a manufacturer or store pays back to customers when they buy something: Carmakers are still using special incentives - such as rebates and cut-rate financing - to sell their vehicles. Consumers who were putting off buying a new car have been lured into dealerships by big cash rebates, analysts said. a rebate program/schemea rebate of £583/$212/20%, etc. Rebates of $100 are available for businesses who replace old air conditioners with new, energy-efficient models.offer/carry a rebate We are offering consumers rebates ranging from $75 to $125 to buy new dishwashers or refrigerators.a rebate on sth Rebates are available on all computer purchases. →  Compare discount noun
(Definition of rebate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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