[noun ree-beyt; verb ree-beyt, ri-beyt]
a return of part of the original payment for some service or merchandise; partial refund.
(USED WITH OBJECT) [RE·BAT·ED, RE·BAT·ING.]
to deduct (a certain amount), as from a total.
to return (part of an original payment): He rebated five dollars to me.
to provide a rebate for (merchandise) after purchase: The manufacturer is rebating this air conditioner.
rebate | Define rebate at Dictionary.com
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A rebate is an amount paid by way of reduction, return, or refund on what has
already been paid or contributed. It is a type of sales promotion that marketers
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