rebate

  

Definition

Return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period. Unlike discount (which is deducted in advance of payment), rebate is given after the payment of full invoice amount. See also refund.

Use rebate in a sentence

  • I bought a printer at an online store for sixty dollars and its purchase price ended up being forty dollars after I sent in a form for a rebate of twenty dollars two weeks later.

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  • Sometimes you can offer your customers a rebate if you think that will help to bring them into your store.

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  • There was a special rebate offer that we offered to customers and a surprisingly low amount of people actually used it.

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