Rebated Meaning: Definition, Examples, and Translations
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rebated
[rɪˈbeɪtɪd ]
Definition
financial return
The term 'rebated' refers to the act of giving back a portion of the original price of a good or service, often as a form of discount or incentive. This financial practice is commonly used in various industries to encourage purchase behavior or to provide relief to customers. Rebates can be applied at the point of sale or offered after the sale has been completed, typically requiring the customer to submit proof of purchase. Often, they are used in marketing strategies to boost sales while also appealing to price-sensitive consumers.
Synonyms
credited, discounted, refunded.
Examples of usage
- I received a rebate on my new smartphone.
- The company rebated part of the purchase price after the promotion.
- Rebated offers can significantly reduce overall expenses.
- Be sure to check if your purchase is eligible for a rebate.
Translations
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Interesting Facts
Economics
- Rebated payments are often used as incentives to boost consumer spending.
- Governments sometimes offer rebates in the form of tax credits to encourage investment in specific areas.
- Rebates can be applied to energy-efficient appliances to promote sustainable practices.
Consumer Behavior
- Research shows that consumers are more likely to buy a product if they know they can receive a rebate.
- The psychology behind rebates relies on the perception of saving money, influencing consumer decisions significantly.
- Many shoppers delay purchases until they find products with rebate offers, showcasing their impact on market trends.
Legal Aspects
- Rebates must comply with local regulations to prevent misleading advertising and ensure fairness.
- Disputes regarding rebates often arise in legal contexts, especially if terms are unclear to the customer.
- Companies sometimes face scrutiny if they do not honor rebate promises, which can lead to lawsuits.
Pop Culture
- Rebates have been a recurring theme in advertising, often dramatized in commercials to highlight savings.
- Game shows in the 1980s sometimes featured prizes offered with 'rebates' as a playful twist on consumerism.
- Influencers in social media frequently promote products with rebates, altering consumer interaction in the digital age.
Origin of 'rebated'
Main points about word origin
- The term comes from the Latin word 'rebatare', meaning to reduce or to lessen.
- It became commonly used in business and finance in the late 19th century.
- The transition from 'rebate' as a noun to 'rebated' as a verb highlights the action of giving something back.
The term 'rebate' has its origins in the Middle English word 'rebaten', which itself comes from the Old French 'rabatre', meaning 'to beat down' or 'to reduce'. This was derived from the combination of the prefix 're-' indicating 'back' and 'battre', meaning 'to beat'. The concept of rebating started to gain traction in the 19th century when businesses began to offer discounts to promote sales. Initially, rebates were more informal, often negotiated between buyers and sellers. However, by the 20th century, they became standardized as part of sales promotions, especially in retail and various consumer goods sectors. The need for companies to distinguish themselves in a competitive market led to the adoption of rebates as a common marketing strategy. Rebates may take various forms, including mail-in rebates, instant rebates, and volume rebates, reflecting the evolving nature of consumer incentives in the marketplace.