Rebate

Definition of Rebate

Re`bate´   Pronunciation: rė`bāt´
v. t.1.To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
But doth rebate and blunt his natural edge.
- Shak.
2.To deduct from; to make a discount from, as interest due, or customs duties.
3.To return a portion of a sum paid, as a method of discounting of prices.
Rebated cross
a cross which has the extremities of the arms bent back at right angles, as in the fylfot.
v. i.1.To abate; to withdraw.
n.1.Diminution.
2.(Com.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties.
3.A portion of a sum paid, returned to the purchaser, as a method of discounting. The rebate is sometimes returned by the manufacturer, after the full price is paid to the retailer by the purchaser.
1.(Arch.) A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.
2.A piece of wood hafted into a long stick, and serving to beat out mortar.
3.An iron tool sharpened something like a chisel, and used for dressing and polishing wood.
4.A kind of hard freestone used in making pavements.
v. t.1.To cut a rebate in. See Rabbet, v.

Related Words

abate, abatement, agio, allow, allowance, bank discount, bate, breakage, bribe, cash discount, chain discount, charge off, charge-off, commission, concession, cut, deduct, deduction, depreciate, depreciation, diminish, discount, drain, drawback, graft, kick back, kickback, make allowance, mark down, payola, penalty, penalty clause, percentage, premium, price reduction, price-cut, rake-off, rebatement, reduce, reduction, refund, repay, repayment, rollback, salvage, setoff, subtraction, take a premium, take off, taper off, tare, time discount, trade discount, tret, underselling, write off, write-off
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