rebate

Discount; deduction or refund of money in consideration of prompt payment. A deduction from a stipulated premium on a policy of insurance, in pursuance of an antecedent contract. A deduction or drawback from a stipulated payment, charge, or rate (as, a rate for the transportation of freight by a railroad), not taken out in advance of payment, but handed back to the payer after he has paid the full stipulated sum. Refund of portion of purchase price made by manufacturer to consumer to induce purchase of product
Such is commonly obtained by sending proof of purchase to manufacturer. Portion of a transportation charge refunded to a shipper. Rebates are forbidden by the Interstate Commerce Act.
@ tax rebate
Tax rebate is an amount returned (i.e. refunded) to the taxpayer after he has made full payment of the tax.
+ tax rebate
Amount of money remitted by taxing authority after payment of taxes.
See also rebate
@
See also discount

Black's law dictionary. . 1990.

Synonyms:

Look at other dictionaries:

  • rebate — re·bate / rē ˌbāt/ n: a refund or deduction of part of a payment, price, or charge re·bate / rē ˌbāt, ri bāt/ vb Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Rebate — 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… …   Wikipedia

  • Rebate — Re*bate , n. 1. Diminution. [1913 Webster] 2. (Com.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties. Bouvier. [1913 Webster] 3. A portion of a sum paid, returned to the purchaser, as a method… …   The Collaborative International Dictionary of English

  • rebate — REBÁTE, rebát, vb. III. tranz. şi refl. A bate din nou la maşină un text corectat, amplificat etc. – Re1 + bate. Trimis de claudia, 13.09.2007. Sursa: DEX 98  rebáte vb., ind. prez. 1 sg. şi 3 pl …   Dicționar Român

  • Rebate — Re*bate (r[ e]*b[=a]t ), v. t. [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 …   The Collaborative International Dictionary of English

  • Rebate — Re*bate , v. t. To cut a rebate in. See {Rabbet}, v. [1913 Webster] …   The Collaborative International Dictionary of English

  • rebate — ► NOUN 1) a partial refund to someone who has paid too much for tax, rent, etc. 2) a deduction or discount on a sum due. ► VERB ▪ pay back as a rebate. ORIGIN from Old French rebatre beat back , also deduct …   English terms dictionary

  • rebate — rebate1 [rē′bāt΄; ] also, for v. [, ri bāt′] vt. rebated, rebating [ME rebaten < OFr rabattre < re ,RE + abattre: see ABATE] 1. a) to give back (part of an amount paid) b) to make a deduction from (a …   English World dictionary

  • Rebate — Re*bate , v. i. To abate; to withdraw. [Obs.] Foxe. [1913 Webster] …   The Collaborative International Dictionary of English

  • Rebate — 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}. [1913 Webster] 2. A piece of wood hafted into a long stick, and serving to beat out mortar. Elmes …   The Collaborative International Dictionary of English

  • rebate — (del ár. and. «ribáṭ», servicio en rábida) m. Choque de tropas, *batalla o *riña. * * * rebate1. (Cf. rebato). m. Combate, pendencia. rebate2 …   Enciclopedia Universal

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.