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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.
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 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.
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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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.


a refund of a fraction of the amount payable or paid, as for goods purchased in quantity; discount
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Under a ( 2011 bulletin issued by then-New Jersey Insurance Commissioner Tom Considine, now NCOIL's CEO, the state clarified that it considered gym membership discounts and wellness programs, claims-filing assistance, administration of certain tax-advantaged health arrangements, risk management services and certain product audits to be among the services it did not consider impermissible rebates. There was general consensus among committee members that these constituted commonsense examples of what should be allowed if the regulations were updated.
In a press briefing, MWSS chief regulator Patrick Ty said all Manila Water customers as of March 31 will receive a minimum rebate of P153.93 (residential) for consumption of 10 cubic meters.
He said rebates will be credited to customers and can be used for payment of future monthly bills until the rebate amount is used up.
As an organization of independent pharmacists and pharmacy owners who are passionate about exposing the dangers of the anti-competitive nature of pharmacy benefit managers, it is critical that we support initiatives that would hold these bad actors accountable and better the drug rebate system for all.
Over the last seven years, EPA has awarded approximately $39 million in rebates to replace almost 2,000 school buses.
Rebate amounts will be based on the capacity of a company's solar project.
Manufacturers return a portion of the list price of high-cost brand-name drugs in the form of rebates to incentivize PBMs and health insurers to administer their products and to help reduce plan participant premiums.
The tax rebates really can make a difference and it is money that people are entitled to and have worked hard for."
Justice Datuk Che Mohd Ruzima Ghazali said consumers did not suffer any losses even if the rebate was remitted into their deposit.
The percentage of enrollees covered by issuers that paid rebates fell to 5%, from 6.7%.
"The rebates can range anywhere from a new heat pump or water heater to home weatherization, and the rebate will be different depending on their income level," Angelini said.
"With the rebates, it's still a challenging environment," Ruderman, who now works in Revision Energy's Concord office, said.