rebate

rebate

[n. ree-beyt; v. ree-beyt, ri-beyt]
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.
Rebate

  • Rebate (marketing), a type of sales promotion used in marketing
  • Rabbet (also spelled rebate), a woodworking term
  • Tax rebate, a reduction in taxation demanded
  • UK rebate, a return of money paid by the United Kingdom for the European Union budget

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