Rebate
(noun) A partial refund to someone who has paid too much money for tax, rent, or a utility. (verb) Pay back a portion of (a price or tax).
A 'rebate' is typically a return of a portion of a payment, often offered as an incentive or due to an overpayment. It's a form of financial relief, distinct from a discount which is applied at the point of sale.
Word relationships
- Refund: A return of money, usually for an unsatisfactory product or service, or an overpayment.
- Reimbursement: Repayment of money spent or lost.
- Discount: A deduction from the usual cost of something, typically given for prompt or bulk payment or to a special category of buyer.
- Surcharge: An additional charge or payment.
- Penalty: A punishment imposed for breaking a law, rule, or contract.
Commonly confused with
- Discount: A 'rebate' is money returned after purchase, while a 'discount' is money reduced at purchase.
Collocations
- cash rebate
- tax rebate
- energy rebate
- offer a rebate
- claim a rebate
Example sentences
- "Many car manufacturers offer a cash rebate to buyers during promotional periods." Consumer incentives.
- "Homeowners who install energy-efficient appliances may be eligible for a government rebate." Government programs.
Memory hook
A REBATE is money 'RE-turned' to you, like a 'RE-fund' or 'RE-duction'. REBATE = RE-turn
When not to use
Do not confuse 'rebate' with 'discount.' A discount is applied before payment, reducing the initial price. A rebate is a partial refund after the full payment has been made.
Fun facts
- Early rebates were often given for prompt payment or as a reduction in interest on a loan.
Explore more words
reimbursement, kickback, rebut, rebuttal, remission, restitution
Our English vocabulary app: FSRS spaced repetition, 5,000+ curated words across 119 topic groups, CEFR A1 to C2. Explore your mastery with the beautiful Vocabulary World feature.