rebate
Pronunciation: [ˈriː.beɪt]
Word
Context: "finance"
(noun) a rebate is a kind of special money back that you get after buying something. It’s like if you pay for a toy and later get some money back, making it cheaper for you.
Example
I received a $10 rebate after buying my new shoes.
Example
Unfortunately, there was no rebate offered for the expensive appliance.
Example
Did you check if there’s a rebate for that new phone you bought?
Context: "finance"
(verb) to rebate means to give someone money back after they’ve made a purchase. This can happen when a company wants to encourage you to buy their product.
Example
The store rebates a portion of your payment if you use their credit card.
Example
They do not rebate any money for items that are on sale.
Example
Will they rebate my payment if I return the item?
0s0s