Discounts: meaning, definitions and examples

Usually used in plural form when referring to multiple reductions in price on various products or services.

• During the holiday season, many retailers provide significant discounts on a wide range of items

Refers to a partial refund given to someone after they have paid the full price, often used in promotions or for tax returns.

• After purchasing the washing machine, I received a $50 rebate in the mail

Used to describe a decrease in the price of an item, more formal than 'discount' and can refer to permanent or temporary adjustments.

• The price reduction of the new smartphone model made it more affordable for consumers

Typically used to describe a period during which items are sold at reduced prices. Can be used as part of phrases like 'on sale' to indicate a discount.

• The store is having a clearance sale, with everything marked down by up to 50%

Typically used in a broad sense for reducing the price of goods or services, often during promotional events or sales.

• The store is offering discounts for Black Friday
• Students can get discounts on their bus fares

A general term used to describe making something smaller in size, amount, or degree. In retail, it refers to lowering the price.

• The supermarket has reduced the prices on fresh produce
• They need to reduce their prices to stay competitive

Frequently used informally to indicate reducing the price of an item, often as a temporary measure to attract buyers.

• We need to cut the price of this product if we want to boost sales
• The store has cut the price on all winter clothing