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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. | | 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. | | 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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