rebate


Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia.
Related to rebate: Tax rebate

rebate,

partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. The Elkins Act (1903), the Hepburn Act (1906), and the regulations of the Interstate Commerce CommissionInterstate Commerce Commission
(ICC), former independent agency of the U.S. government, established in 1887; it was charged with regulating the economics and services of specified carriers engaged in transportation between states.
..... Click the link for more information.
 prohibit and penalize railroad rebates. A tax rebate from local, state, or federal governments may occur when unexpectedly large tax revenues create a budget surplus. The term is also used to refer to coupons, trading stamps, and other premiums used by retailers to stimulate sales.

rabbet, rebate

rabbet, 1
1. A longitudinal channel, groove, or recess cut out of the edge or face of a member; esp. one to receive another member, or one to receive a frame inserted in a door or window opening, or the recess into which glass is installed in a window sash.
3. A shallow recess in one body to receive another, as at the edges of a pair of doors or windows so shaped as to provide a tight fit; one half of the edge projects beyond, and serves as a stop for, the other edge of each leaf.

rebate

a refund of a fraction of the amount payable or paid, as for goods purchased in quantity; discount
References in periodicals archive ?
Nearly all of the states have laws, most enacted decades ago, to prohibit rebates of insurance premium.
Also, more than 140,000 customers were identified as 'severely affected,' and will get an additional rebate of P2,197.94.
MWSS: Manila Water rebates to be implemented in June !-- -- (Philstar.com) - May 21, 2019 - 11:46am MANILA, Philippines Manila Water customers affected by low supply that started in March will receive bill rebates starting next month, Metropolitan Waterworks and Sewerage System Regulatory Office announced Tuesday.
Without a doubt, one of the most impactful has been the recent proposal by the Trump administration toamend the drug rebate system in order to streamline the process for patients.
The funds are going to 145 school bus fleets in 43 states or territories, each of which will receive rebates through EPA's Diesel Emissions Reduction Act (DERA) funding.
CHICAGO -- ComEd announced today that commercial and industrial customers can begin submitting applications for rebates of $250 per kilowatt of installed solar energy as approved last month by the Illinois Commerce Commission.
The blame game is intensifying with manufacturers and PBMs both pointing fingers regarding the prices paid by consumers and industry participants, including the US government, questioning how much of the volume-based rebates received by PBMs are being shared with the commercial clients with whom they negotiate.
The time is now fast approaching to get your tax rebate claims in, as you can only go back four years at a time, so basically if you haven't claimed a rebate for the year 2013/14, it's either do it before April 6th or forever lose the opportunity for that year.
'TNB is still paying the rebate to consumers so the consumers did not suffer any losses,' he added.
Emerald People's Utility District has set aside $100,000 in rebates this winter for customers who install new heat pumps, ducts, insulation or windows that reduce their winter electricity bills.
The Trader Rebate lets investors get up to 20% of their trading costs back every month.