1. a refund or rebate of a portion of money spent, typically offered by retailers or credit card companies as an incentive to customers
Usage: common in retail and financial services; often used as a marketing or loyalty tool

Examples

• I earned 2% cashback on all my credit card purchases this month.
• The grocery store offers 5% cashback for members who use their loyalty card.
• She received $50 in cashback after spending $1,000 on her new credit card.
• Many online retailers provide cashback rewards to encourage repeat customers.
• The cashback program allows you to get money back on everyday purchases.
• He used a cashback app to track and maximize his refunds while shopping.