discountnoun
rebate
verb[ T ]
uk /ˈriːbeɪt/
COMMERCE
to pay back an amount of money to customers after they have bought something:
Buying your pension through an independent adviser who can rebate all commission will keep charges down.
Issuers charging an annual fee will normally rebate part of it either to the cardholder or direct to a nominated charity.
ACCOUNTING, FINANCE, TAX
to pay back an amount of money to someone after they have paid too much:
All overpayments must be rebated to taxpayers.

Examples of rebate

rebate
We begin by assuming that tariffs are fully rebated in the form of lump-sum subsidies.
It takes the form of a rebate on the interest rate prevailing on the loan market for a given category of borrowers and projects.
The flat-rate tax rebate was regarded as the sole strategy for pursuing wider ownership through private pensions.
It levies income taxes on output and foreign interest income, it taxes consumption, and then rebates all tax revenues.
Advertisements, rebates, and price-wars were the techniques used to commercialize serum that was ultimately produced, marketed, and sold as an industrial product.
He proposed a $1.3 trillion tax cut, rebates from which would go to all taxpayers, though disproportionately to upper income families.
A few others were, as previously discussed, allowed rebates for labour.
The treads are separate and rebated, but without any additional stonework across the window.
It is also possible that tax rebates or similar incentives may be provided to companies which show proof of progress in this sphere.
They put their faith in the rebates and cut the treads down to the elegant triangular section that became the standard for the nineteenth century.
I assume that any tax revenue is rebated in lump sum to the consumer.
So the scheme would include a basic pension, plus a rebate, plus a guarantee.
For example, only 10 per cent of baseline oil refining energy use is credited for the purpose of calculating the rebate received by that sector.
The effect of this small rebate on hospital consumption, however, is almost negligible.
This pattern holds independently of whether tariffs are rebated to the public.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.