Rebate: meaning, definitions and examples

Used in financial or commercial contexts to describe a portion of money returned to someone who has paid too much or as an incentive for purchasing a product or service.

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• The government offered a tax rebate for energy-efficient home improvements
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• You get a $50 rebate after buying this washing machine

Used when someone is returning a product or canceling a service and getting their money back.

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• If you are not satisfied with the product, we will give you a full refund
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• She returned the dress and asked for a refund

Commonly used in retail and sales to describe a reduction in the price of a product or service.

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• They are offering a 20% discount on all winter clothing
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• Students can get a discount on public transportation passes

Utilized often in professional or medical settings to describe the compensation paid back for expenses already incurred.

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• Employees are eligible for reimbursement of travel expenses
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• The insurance company promised full reimbursement for the medical costs