rebate

³re·bate

\ˈra-bət, ˈrē-ˌbāt\

Definition of REBATE

chiefly British variant of rabbet

Other Handicraft Terms

biscuit, darn, tambour, wrought

¹re·bate

verb \ˈrē-ˌbāt, ri-ˈ\

re·bat·edre·bat·ing

Definition of REBATE

transitive verb

1

: to reduce the force or activity of : diminish

2

: to reduce the sharpness of : blunt

3

a : to make a rebate of

b : to give a rebate to

intransitive verb

: to give rebates

— re·bat·er noun

Origin of REBATE

Middle English, from Anglo-French rebatre, rabatre to beat back, deduct, from re- + abatre to strike down, from a- (from Latin ad-) + batre to beat, from Latin battuere

First Known Use: 14th century

Rhymes with REBATE

abate, ablate, adnate, aerate, age-mate, agnate, airdate, airfreight, alate, arête, await, backdate, baldpate, bandmate, baseplate, bedmate, bedplate, berate, birthrate, bistate, bite plate, blank slate, blind date, blue plate, bookplate, breastplate, casemate, castrate, caudate, cell plate, cerate, cheapskate, checkmate, chelate, chordate, citrate, classmate, clavate, cognate, collate, comate, conflate, connate, Cook Strait, cordate, create, cremate, crenate, curate, cut-rate, deadweight, death rate, debate, deflate, delate, dentate, derate, dictate, dilate, disrate, donate, doorplate, downstate, drawplate, elate, end plate, equate, estate, faceplate, falcate, fellate, filtrate, first-rate, fishplate, fixate, flatmate, floodgate, fluxgate, flyweight, folate, formate, frustrate, gelate, gestate, ground state, gyrate, hamate, hastate, headgate, Hell Gate, helpmate, home plate, hot plate, housemate, hydrate, ice-skate, inflate, ingrate, inmate, innate, instate, irate, jailbait, Kuwait, lactate, lapse rate, legate, liftgate, ligate, lightweight, liquate, lobate, locate, lunate, lustrate, lych-gate, lyrate, magnate, makebate, makeweight, mandate, messmate, migrate, misstate, mutate, nameplate, narrate, negate, Newgate, nitrate, notate, nutate, oblate, of late, orate, ornate, ovate, palmate, palpate, peltate, phonate, pinnate, placate, playdate, playmate, plicate, portrait, postdate, predate, prime rate, probate, prolate, pronate, prorate, prostate, prostrate, punctate, pupate, quadrate, rain date, ramate, red-bait, relate, restate, roommate, rostrate, rotate, saccate, schoolmate, seatmate, sedate, sensate, septate, serrate, shipmate, short weight, slave state, soleplate, soul mate, spectate, spicate, squamate, stagnate, stalemate, stellate, striate, sublate, substrate, sulcate, summate, tailgate, teammate, Tebet, tenth-rate, ternate, terneplate, testate, third-rate, tinplate, to date, toeplate, tollgate, tractate, translate, tristate, truncate, unweight, update, uprate, upstate, V-8, vacate, vallate, valvate, vibrate, virgate, vulgate, whitebait, workmate

²re·bate

noun \ˈrē-ˌbāt\

Definition of REBATE

: a return of a part of a payment

Examples of REBATE

1. There is a $50 rebate offered with the printer.

First Known Use of REBATE

1656

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

rebate

noun    (Concise Encyclopedia)

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.