Question

what is meant by rebate​

Answer 1

Explanation:

A rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.

Answer 2

Rebate is

• a return of part of the original payment for some service or merchandise
• partial refund.