rebate
Webster's Unabridged Dictionary:
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Re·bate
v. t. (rē̍*bāt")
[F. rebattre to beat again; pref. re- re- + battre to beat, L. batuere to beat, strike. See Abate.]
1. To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
But doth rebate and blunt his natural edge.Shak.
2. To deduct from; to make a discount from, as interest due, or customs duties. Blount.
3. To return a portion of a sum paid, as a method of discounting of prices.
[PJC]
Rebated cross, a cross which has the extremities of the arms bent back at right angles, as in the fylfot.
Re·bate
v. i.
To abate; to withdraw. [Obs.] Foxe.
Re·bate
n.
1. Diminution.
2. (Com.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties. Bouvier.
3. A portion of a sum paid, returned to the purchaser, as a method of discounting. The rebate is sometimes returned by the manufacturer, after the full price is paid to the retailer by the purchaser.
[PJC]
Re·bate
n.
[See Rabbet.]
1. (Arch.) A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.
2. A piece of wood hafted into a long stick, and serving to beat out mortar. Elmes.
3. An iron tool sharpened something like a chisel, and used for dressing and polishing wood. Elmes.
4. [Perhaps a different word.]
A kind of hard freestone used in making pavements. [R.] Elmes.
Re·bate
v. t.
To cut a rebate in. See Rabbet, v.
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Retroactive refund or credit given to a buyer who has purchased a product or service. Fair and equitable rebates are used simply as incentives available to all customers. So-called deferred (or exclusive-patronage) rebates are used by large vendors of perishables and consumer durable goods. To receive such a rebate, the purchaser must agree to buy certain goods or services exclusively from a particular vendor for a fixed period of time. Rebating was a common pricing tactic in the 19th century, often used by large companies to undercut competition from smaller firms. The U.S. railroad industry practiced price discrimination by granting secret rebates to important customers; the rebates granted to Standard Oil Co. helped it acquire a monopoly over the oil industry. Governments occasionally sponsor rebates on previously paid taxes such as property, income, or sales taxes. Tax rebates can be used to stimulate the economy, to return excess revenue to taxpayers, or to encourage specific actions such as energy conservation.
For more information on rebate, visit Britannica.com.
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In general: refund of a payment.
Media: refund given to an advertiser by a media vehicle. A rebate is usually given when the advertiser places more advertisements than originally contracted, therefore earning a larger discount. For example, the XYZ Company contracts to place a full-page ad in a periodical every week for three weeks, earning a 10% media discount. Later, the company decides to extend the campaign to six weeks, which would normally earn a 15% discount. The periodical would issue a 5% rebate to the XYZ Company.
Sales promotion: refund given to a consumer for sending in proof-of-purchase after a sale.
Barron's Banking Dictionary:
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Rebate
1. Unearned Interest returned to the borrower when a loan is paid off early. See also Rule of the 78's.
2. pro-rated share of deposit insurance premium returned to a federally insured bank or savings association when the sum of insurance premiums paid exceeds payouts to depositors from an insurance fund.
3. portion of net sales returned to cardholders by a bank card plan, based on card usage. A plan with a 2% rebate nets the cardholder $2 for every $100 in sales.
4. reduction in a credit card merchant's Merchant Discount Rate for credit card transactions above a certain amount.
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1. a refund resulting from a purchase or tax.
Example: To encourage sales of the condominium project, the developer offered a $2,500
rebate to each purchaser.
2. a kickback of a charge, often illegal if done without knowledge of all parties.
Example: The broker accepted a $50
rebate from the insurer each time he sold a home carrying a homeowner’s warranty.
| Reassessment, Reappraisal Lease | |
| Recapture Clause, Recapture Rate |
Roget's Thesaurus:
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rebate
noun
- An amount deducted: abatement, deduction, discount, reduction. See increase/decrease.
verb
- To take away (a quantity) from another quantity: abate, deduct, discount, subtract, take (off). Informal knock off. See increase/decrease.
- To grow or cause to grow gradually less: abate, decrease, diminish, drain, dwindle, ebb, lessen, let up, peter (out), reduce, tail away (or off), taper (off). See increase/decrease.
Columbia Encyclopedia:
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rebate
rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. The Elkins Act (1903), the Hepburn Act (1906), and the regulations of the Interstate Commerce Commission prohibit and penalize railroad rebates. A tax rebate from local, state, or federal governments may occur when unexpectedly large tax revenues create a budget surplus. The term is also used to refer to coupons, trading stamps, and other premiums used by retailers to stimulate sales.
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This entry contains information applicable to United States law only.
Discount; diminution of interest on capital lent in consideration of prompt repayment thereof; reduction of a stipulated charge that is not credited in advance but is returned subsequent to payment in full.
A tax rebate is a sum of money refunded to a taxpayer after full payment of the tax has been made.
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The return of part of a payment for a good. Unlike a discount, which is deducted from the price before purchase, a rebate is returned after purchase.
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1. In a short-sale transaction, the portion of interest or dividends earned by the owner (lender) of shares that are paid to the short seller (borrower) of the shares.
2. In an options transaction, the amount paid to the holder of the option if the option expires worthless.
Investopedia Says:
1. The lender and borrower usually negotiate the rate at which the short seller will be compensated.
2. The rebate is pre-negotiated and is usually a portion of the premium paid by the option holder.
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Translations:
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Rebate
Dansk (Danish)
1.
n. - rabat, afslag, delvis refusion, godtgørelse
v. tr. - nedsætte, slå af på, refundere
2.
n. - fals
v. tr. - sammenfalse, falshøvle
Nederlands (Dutch)
rabat, teruggave (geld), terugbetalen, sponning
Français (French)
1.
n. - remboursement, ristourne, remise
v. tr. - rembourser, faire une remise
2.
n. - (Tech) feuillure
v. tr. - émousser (un rasoir), rabattre (un pli), amortir (un coup)
Deutsch (German)
1.
n. - Rabatt, Preisnachlaß, Rückvergütung, Abzug
v. - vermindern
2.
n. - Fuge,Nut
v. - stumpf machen
Ελληνική (Greek)
n. - έκπτωση, περικοπή, παρακράτηση
Português (Portuguese)
n. - desconto (m), reembolso (m)
Español (Spanish)
1.
n. - rebaja, descuento, reembolso
v. tr. - disminuir, reducir, deducir, rebajar, descontar
2.
n. - rebajo, ranura
v. tr. - hacer un rebajo o ranura en
中文（简体）(Chinese (Simplified))
1. 折扣, 贴现, 退还, 对...贴现, 对...给回扣
2. 折扣, 贴现
中文（繁體）(Chinese (Traditional))
1.
n. - 折扣, 貼現
v. tr. - 退還, 對...貼現, 對...給回扣
2.
n. - 折扣, 貼現
한국어 (Korean)
1.
n. - 부분적 환불, 리베이트, 감소
v. tr. - 환불하다, 환물해 주다, 리베이트를 주다
2.
n. - 은촉이음, 은촉(홈)
v. tr. - 은촉홈을 파다, 은촉이음으로 하다
日本語 (Japanese)
n. - 一部払い戻し, 割り戻し, リベート
v. - 割引する
العربيه (Arabic)
(الاسم) خصم
עברית (Hebrew)
n. - הנחה, הפחתה, החזר (חלק מהתשלום)
v. tr. - עשה הנחה, החזיר (חלק מהתשלום)
n. - הנחה, הפחתה, החזר (חלק מהתשלום), חריץ לאורך קצה של קרש (כדי לחברו לקרש אחר)
v. tr. - שילב, חיבר
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Copyrights:
Britannica Concise Encyclopedia
Britannica Concise Encyclopedia. © 1994-2012 Encyclopædia Britannica, Inc. All rights reserved. Read more
Barron's Marketing Dictionary
Dictionary of Marketing Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.
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Barron's Banking Dictionary
Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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Roget's Thesaurus
Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 byHoughton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.
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Columbia Encyclopedia
The Columbia Electronic Encyclopedia, Sixth Edition Copyright © 2012, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/.
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West's Encyclopedia of American Law
West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.
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Dictionary of Cultural Literacy: Economics
The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved. Read more
Investopedia Financial Dictionary
Copyright ©2010, Investopedia.com - Owned and Operated by Investopedia US, A Division of ValueClick, Inc. All rights reserved.
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Mentioned in
Abatement
(business term)
Patronage Dividend and Rebate
(business term)
Drawback
(finance term)
» More