How Do You Spell REBATE?

1. A rebate, in terms of economics and business transactions, refers to a form of discount or refund provided by a seller to a buyer as an incentive or promotion. It is a partial repayment of the purchase price of a product or service to the customer after the sale has taken place. The purpose of a rebate is to encourage sales, retain customer loyalty, and drive future purchases.

   Typically, rebates are initiated by manufacturers or retailers and are offered on a wide array of consumer goods such as electronics, appliances, vehicles, or even services. The rebate amount can vary, often ranging from a small percentage of the purchase price to a fixed sum. To qualify for a rebate, customers usually need to fulfill certain conditions, such as submitting a proof of purchase, filling out a form, or meeting specific deadlines.

   Rebates are commonly advertised as a means to reduce the upfront cost of a product, making it more appealing to potential buyers. It is important to note that, unlike a discount applied at the point of sale, a rebate requires customers to actively claim the reimbursement, usually through mail or online submission. This additional step can sometimes result in a lower redemption rate.

   Overall, rebates serve as an incentivizing mechanism by providing a partial refund to customers, thereby promoting sales and building customer loyalty. The availability of rebates can vary depending on regional regulations, marketing strategies, and the nature of the product or service being offered.

2. • To blunt; to deprive of keenness; to deduct from.

   • The deep groove or channel to receive the edge of a plank, or of a number of planks; a hard freestone used for paving.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Top Common Misspellings for REBATE *

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Other Common Misspellings for REBATE

The word "rebate" originated from the Old French word "rabatre", which means "to beat down" or "to reduce". It is derived from the Latin word "re-" meaning "back" or "again", and "battuere" meaning "to beat". In terms of its initial usage, "rebate" referred to the practice of deducting or discounting a portion of the original price, essentially "beating it down". Over time, the term "rebate" has come to represent a refund or partial reimbursement given after a purchase has been made.

Similar spelling words for REBATE

Plural form of REBATE is REBATES

Conjugate verb Rebate

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