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What is the meaning of cash back?

Updated: 11/1/2022
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13y ago

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It's when you buy something from a shop and receive cash back. It can be quite useful in shops for obtaining cash during a transaction, where the shop keeper will give you some cash, but add it onto the bill. The term is also used by companies when they are trying to lure you into making a bigger purchase, by telling you you'll receive a load of money back afterwards. In reality though, you should just take the amount they promise to you off the initial price and compare with other deals.

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