REBATE

Rebate

A rebate is an amount paid by way of reduction, return, or refund on what has already been paid or contributed. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. The mail-in rebate is the most common. A MIR entitles the buyer to mail in a coupon, receipt, and barcode in order to receive a check for a particular amount, depending on the particular product, time, and often place of purchase. Rebates are offered by either the retailer or the manufacturer of the chosen product. Large stores often work in conjunction with manufacturers, usually requiring two or even three separate rebates for ...

The above text is a snippet from Wikipedia: Rebate (marketing)
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rebate

Noun

  1. A deduction from an amount to be paid; an abatement.
  2. The return of part of an amount already paid.
  3. The edge of a roll of film, from which no image can be developed.
  4. A rectangular groove made to hold two pieces (of wood etc) together; a rabbet.
  5. A piece of wood hafted into a long stick, and serving to beat out mortar.
  6. An iron tool sharpened something like a chisel, and used for dressing and polishing wood.
  7. A kind of hard freestone used in making pavements.

Verb

  1. To deduct or return an amount from a bill or payment
  2. To diminish or lessen something
  3. To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
  4. To cut a rebate (or rabbet) in something
  5. To abate; to withdraw.


The above text is a snippet from Wiktionary: rebate
and as such is available under the Creative Commons Attribution/Share-Alike License.

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