rebate

Meanings

• Noun

  The act of giving back a part of a payment or charge made to a customer, typically as a promotion or incentive.

  - "The store offered a rebate on the purchase of a new refrigerator."
  - "I received a rebate check in the mail after buying a car."
  - "The company's rebate program helped boost sales."

• Noun

  A reduction in the normal or listed price of something.

  - "The movie theater offers matinee rebates on Tuesdays."
  - "The airline offered a rebate on round-trip tickets."
  - "The insurance company granted a rebate for safe driving."

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Rhymes

Words rhyming with rebate
abate , mate , fate , gate , hate , late , mate

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Variants

List of all variants of rebate that leads to same result
rebate , rebated , rebater , rebaters , rebates , rebating , rabbet

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Etymology

origin and the way in which meanings have changed throughout history.

Originally meant 'giving back' in Latin, the term 'rebate' comes from the Latin 'rebatus,' which means 'given back.'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Rebates were first used in the United States in the 1800s to encourage the sale of farm equipment.

2. Rebates are often used as a way to incentivize customers to switch from one brand or product to another.

3. Some companies offer rebates as a way to offset the cost of a product or service that has a high upfront cost.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Discount: A rebate is a type of discount, but it is typically given after a purchase has been made, rather than before.

2. Refund: A rebate is similar to a refund, but it is usually given in the form of a check or credit, rather than cash.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In finance and business, rebates are commonly used as a marketing strategy to incentivize sales. They can be offered as a percentage of the purchase price or a fixed amount.

How to Memorize "rebate"

1. visualize
   

   - Imagine a store giving back a portion of the money to a customer as a rebate.
   - Visualize a refund check that is labeled as a rebate.
   - Imagine a salesperson explaining the rebate program to a customer.

2. associate
   

   - Associate the word 'rebate' with the idea of getting money back.
   - Think of a rebate as a discount given after a purchase.
   - Associate the word 'rebate' with the idea of a refund, but in the form of a check or credit.

3. mnemonics
   

   - Remember REBATE as 'Returning Every Bit After Transaction' or 'Refunds Earned Back After Transactions'.

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