Overview

rebate


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1. A discount offered on the price of a good or service, often one that is paid back to the payer, e.g. a tax rebate is a refund to the taxpayer. 2. A discount allowed on a bill of exchange that is paid before it matures.

1. A discount offered on the price of a good or service, often one that is paid back to the payer, e.g. a tax rebate is a refund to the taxpayer. 2. A discount allowed on a bill of exchange that is paid before it matures.

Subjects: Financial Institutions and Services — Accounting.


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