cashback Meaning in the Cambridge English Dictionary
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Meaning of “cashback” in the English Dictionary

"cashback" in British English

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cashbacknoun [U]

uk   us   /ˈkæʃ.bæk/ UK

cashback noun [U] (PAYMENT)

a ​system in which ​banks or ​businessesencouragepeople to ​buy something by giving them ​money after they have ​bought it: The ​majorbanks are ​offering cashback ​deals of up to £5,000 on ​theirmortgages.

cashback noun [U] (MONEY)

an ​amount of ​money that a ​shop, usually a supermarket , ​allows you to take from ​yourbankaccount when you ​pay for something with a ​bankcard: £50 cashback
(Definition of cashback from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cashback" in Business English

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cashbacknoun [U]

(also cash-back) uk   us   /ˈkæʃbæk/ UK
MARKETING, COMMERCE an ​amount of ​money someone receives when they ​buy something, ​offered by the ​companyselling the ​product as a way of persuading ​people to ​buy it: The ​mortgagedealincludes £250 cashback.
BANKING, COMMERCE a way of getting ​cash from a supermarket instead of going to a ​bank. You ​pay for the ​cash and your ​goods using a debitcard (= a ​bankcard where the ​money is taken from your ​account immediately): I'd like £50 cashback please.
(Definition of cashback from the Cambridge Business English Dictionary © Cambridge University Press)
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