rebate
n. countablen. an amount of money that is paid back to you. This usually happens because you paid too much for something or because of a special discount.
n. a partial refund or deduction from an amount to be paid, often issued after the full price has been settled. Frequently used in commercial, tax, or utility contexts.
I received a tax rebate in the mail today.
The manufacturer offered a fifty-dollar rebate to customers who purchased the new camera before the end of the month.
While the initial purchase price remains high, the government's green energy rebate significantly offsets the long-term cost of installing solar panels for most residential homeowners.
From Old French rabatre < batre. See also abate.
Commonly paired with 'on' ('a rebate on the purchase price') or 'for' ('a rebate for new customers').
I asked for a rebate of my moneyI asked for a refund of my moneyA 'rebate' is a specific discount or tax return; a 'refund' is the general term for getting money back for a returned item.