noun
- partial refunds or reductions in price given to customers
verb
- gives back part of a payment or reduces a price
Examples
- The store offers rebates on major appliances during the sale.
- She received a $50 rebate after purchasing the new phone.
- The company rebates 10% of the purchase price to loyal customers.
- Mail-in rebates require customers to send proof of purchase.
- The manufacturer rebates part of the cost for energy-efficient models.
- Tax rebates helped stimulate consumer spending last year.