Meaning of “cashback” in the English Dictionary

"cashback" in Business English

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cashbacknoun [ U ]

also cash-back uk /ˈkæʃbæk/ us UK

MARKETING, COMMERCE an amount of money someone receives when they buy something, offered by the company selling the product as a way of persuading people to buy it:

The mortgage deal includes £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 debit card (= a bank card 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)