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.
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rebate is in the Accounting & Auditing and Purchasing & Procurement subjects.
rebate appears in the definitions of the following terms: abatement, discount, shareware, net price, letter of demand, export subsidy, receivable, subsidy, redemption and sales discount
rebate appears in these other term: deferred rebate
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