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rebate (noun) discount.

A rebate is a discount, that is, a reduction in the prices of goods a shop sells. To attract more business rebates are usually offered. Rebates are also offered when old stock has to be disposed of.

  • In its summer sales, the department store has announced a rebate of up to 50% on some of the items.
  • Finding that unsold goods have accumulated over the months, the stores decided to offer a substantial rebate on some of the items.
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Last Modified : 11-May 2009
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