From Longman Dictionary of Contemporary Englishrebatere‧bate /ˈriːbeɪt/ noun [countable] PETBan amount of money that is paid back to you when you have paid too much tax, rent etc You may be entitled to a tax rebate.
Examples from the Corpus
rebate• But the event clerk denied a rebate had been promised.• Chrysler said it sold lots of minivans, trucks and Jeeps without resorting to big rebates.• How is a local authority to react to thousands of claims for rebate?• The Ford Citibank credit card offers a 5 percent rebate on the purchase of a new Ford car or truck.• In the end I managed to claim a tax rebate.• We were delighted to hear that we were entitled to a tax rebate of over £1000.• The great corporate tax rebate mirrors the great corporate handout.• Treasury sums said the rebate would be worth £4m, but would cost more to fix.From Longman Business Dictionaryrebatere‧bate1 /ˈriːbeɪt/ noun [countable]FINANCE1an amount of money that is paid back to you when you have paid too muchYou may be entitled to a tax rebate.1.6 million tenants claimed a rent rebate.rebate onYou may get a rebate on your car insurance, if your car is off the road for at least 28 days.2part of the price that is paid back to customers when they buy somethingrebate onFord is offering a $2,000 rebate on this model.rebatere‧bate2 /rɪˈbeɪtrɪˈbeɪt, ˈriːbeɪt/ verb [transitive]1to pay part of the price of something back to customers when they buy it. In some places it can be illegal to do thisrebate something to somebodythe agency’s practice of rebating to its clients part of the commission it receives from the sale of securities —rebating noun [uncountable]Insurance companies say rebating hurts insurers, agents, and ultimately consumers.2to pay an amount of money back to someone when they have paid too muchrebate something to somebodyCouncil members want to rebate half the city’s $21 million surplus to taxpayers.Origin rebate (1600-1700) rebate “to make a rebate” ((15-21 centuries)), from Old French rabattre “to beat down again” 