rebates
Pronunciation: [rɪˈbeɪts]
Word
Context: "finance"
(noun) money that is returned to a buyer after they make a purchase. It's like getting some of your money back as a reward or a discount for buying something.
Example
I received a rebate on my new phone, so I saved some money.
Example
There was no rebate available on the TV I wanted, so I paid full price.
Example
Do you know if there are any rebates available for that car?
Context: "finance"
(verb) to return money to someone after they have purchased something. When a company gives money back for a certain product, they are rebating it.
Example
The store rebates part of the cost for customers who buy in bulk.
Example
They do not rebate anything for regular purchases, only for special promotions.
Example
Will they rebate the amount if I return the item?
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