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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.