A portion of a sum paid, returned to the purchaser, as a method of discounting. The rebate is sometimes returned by the manufacturer, after the full price is paid to the retailer by the purchaser.
A rebate is where the manufacturer will send the buyer money back to help encourage the sales of a particular product. This is also known as a customer incentive.
A rebate (aka incentive payment) is the return of a part of the payment by the vendor or manufacturer to the purchaser. Rebates, which are usually in the form of cash or credits, are discouraged by University Policy. See How to Process Rebates for Supplies and Equipment
Either a reduction in price or a return of an overpayment.
To include an additional benefit other than those specified in a policy as an incentive for a customer to make the purchase.
An amount you get back from the Inland Revenue when you have paid too much tax. Applies to self employed and those who are PAYE. A tax rebate is a tax refund due to you.
An amount that the manufacturer of a drug pays to an insurer or health plan for each unit of drug dispensed. Rebate arrangements exist between manufacturers and Medicaid agencies, HMOs, and other insurers or drug plans, and generally bypass the pharmacy. Rebates are referred to as "after market" arrangements because they do not affect the prices paid at the time of service, but are implemented later, ultimately reducing the payer's expenditures or program costs. The Omnibus Budget Reconciliation Act of 1990 (OBRA '90) requires pharmaceutical firms to give a rebate to the Health Care Financing Administration (HCFA) for distribution to the states for all drugs covered under state Medicaid drug programs. Within the private insurance market, rebates often are associated with preferred drugs, and the rebate or level of rebate is contingent upon achieving market share goals.
a refund of some fraction of the amount paid
give a reduction in the price during a sale; "The store is rebating refrigerators this week"
a cash-back dollar amount to the buyer that originates from the manufacturer and is passed on to the customer by the dealer
a direct-to-buyer incentive from the manufacturer
a discount after the sale, that you collect by sending proof of purchase to the manufacturer
a discount provided by the manufacturer
a discount that is paid after something is done
a gift to buyers, extended by the manufacturer (or, sometimes, the dealer) to encourage them to purchase a particular make and model
a manufacturer's incentive program designed to increase the sales of slow-selling cars or to reduce the inventories of a particular model
a partial monetary return of an amount paid
a percentage refunded on your purchases, either by check or by a credit to your account
a reduction in cost that is refunded to you by the manufacturer after the purchase
a reduction in tax paid, as opposed to a reduction in taxable income
a refund of an amount of money by the manufacturer of a product to the retail purchaser of the product
a refund of, or other decrease in, the price actually paid or payable made or otherwise effected between PPG and the seller after the date of importation of the merchandise into the U
a special discount which is paid retroactively to a customer
a special that the manufacturer or retailer offers if you purchase their item
A payment/refund which reduces the net outlay in a transaction.
This term is very similar to incentive. In the car business, all rebates happen immediately. You never have to wait 4 to 6 weeks to get your rebate money.
Compensation received from a wholesale lender, which can be used to cover closing costs of the borrower or to partially offset other chareges.
A reduction of a premium.
A monetary amount that is returned to a payer or a PBM from a prescription drug manufacturer based on product use by a covered person or purchases by a provider.
As part of the Omnibus Reconciliation Act of 1990, Congress required that a pharmaceutical company would have to pay a rebate on its products to receive reimbursement by the Medicaid program. For all innovator products, the rebate is the greater of 15.1 percent of the average manufacturerâ€(tm)s price (AMP) or the difference between the AMP and the manufacturerâ€(tm)s “best price,†(the lowest price offered to any other customer, excluding Federal Supply Schedule (FSS) prices, prices to state pharmaceutical-assistance programs, and prices that are nominal in amount, and includes all discounts and rebates). An additional rebate is required for any price increase for a product that exceeds the increase in the Consumer Price Index for all items since 1990. A rebate of 11 percent of each productâ€(tm)s AMP is required for generic drugs.
The lowering of a vehicle's price by the manufacturer to help increase sales.
A sum of money returned to a customer following payment for goods or services. A reduction from the original sales price.
A reduction in the cost of the purchased goods or services offered prior to or following a transaction.
compensation from the lender, which can be used to cover closing costs, or received as a cash refund to you. A rebate occurs when the rate is high enough such that the lender credits points as a percentage of the loan amount. Loans with rebates often carry higher interest rates than loans with points
An amount offered by some manufacturers, dealers, or lessors that may be paid to you separately or credited to your lease agreement.
a refund resulting from a purchase or tax.
Compensation received from a wholesale lender which can be used to cover closing costs or as a refund to the borrower. Loans with rebates often carry higher interest rates than loans with "points" (see above).
A refund, cash back, or monetary incentive such as a tax rebate or a first home buyer rebate.
Part of agent's fee that is returned to an individual as an incentive to purchase a policy.
A manufacturer's reduction on the price of the car as an incentive to buyers. Rebates appeal to people with no credit or less-than-perfect credit who cannot qualify for the lowest-rate loan. A rebate may also appeal to first-time buyers who don't have a lot of cash for a down payment or another car to trade in.
If you pay for a service, then cancel it, you may receive a 'rebate'. That is, you may be refunded some of the money you paid for the service. (eg. if you cancel a 1 year insurance policy after 3 months, you may get a rebate for the remaining 9 months)
Any refund of all or a portion of money paid.
An advertising allowance or refund that reduces a retail price for a product if a customer mails a proof-of-purchase. See floor stock.
As an incentive to buyers, manufacturers sometimes offer a reduction on the price of the car.
A financial incentive offered to a PBM by a drug manufacturer to promote one specific drug over another. EHIM does not accept rebates, substaintially lowering medication costs for members and insuring that the patient's needs, rather than drug company dollars, drive the decision to prescribe on drug over another.
A special payment from the manufacturer to the customer to promote sales of slow-selling models. Also called a "Customer Incentive".
A special payment from the manufacturer to the customer to reduce excess inventories. Also called a "Customer Incentive."
An amount that may be offered by a manufacturer, dealer, lessor, or assignee that may be paid to you separately or credited to your lease agreement.
Amount returned by the manufacturer upon purchase. Government agencies and large private companies negotiate for rebates from drug manufacturers.
A reduction in the amount of a payment due.
An incentive paid by the manufacturer to the customer as a way to increase sales of products. For example, slow-selling vehicles or previous-year models still in the dealer's inventory may feature this type of incentive to sell faster than they have been. Typically a rebate can be applied to the cost of the vehicle or received in cash by the customer. Instead of the rebate, the buyer is often offered special dealer financing. Often, taking the rebate is the better deal.
A manufacturer's reduction to the price of an auto, which serves as an incentive to buyers. May also be referred to as a manufacturer's rebate or customer incentive.
A return of a portion of the purchase price of an automobile offered by a manufacturer to increase sales of slow-selling models or to reduce inventories.
A monetary refund of part of the purchase price of a particular item.
A vehicle cash incentive that is offered by your retailer or a third party, in most cases the manufacturer.
An illegal form of discounting or refunding that has the net effect of lowering the tariff price.
Discount technique used mainly by manufacturers to bring down the final price that consumers pay for an item. Only 5% to 10% of eligible rebates are ever redeemed.
When some money is returned to you after you have paid an amount that was owed.For example, if you have paid too much tax, you will qualify for a rebate and a certain amount will be returned to you.
A payment which is refunded that directly reduces the total outlay.
A rebate is compensation received from a wholesale lender which can be used to cover closing costs or as a refund to the borrower. Loans with rebates usually carry higher interest rates compared to loans with "points".
A manufacturer's reduction on the price of a vehicle as an incentive for potential buyers to make a purchase. Rebates often appeal to buyers with no credit or less-than-perfect credit who do not qualify for the lowest-rate loan. A rebate may also appeal to first-time buyers who don't have much of a down payment or a trade in.
Refund, which resulted from an overpayment of tax, purchase price. Alternately, an amount given as an incentive to buy.
1. Partial or total refund of an advertising payment because less space was used than originally charged for. 2. Partial or total refund because of production error or circulation lower than stated.
An amount that is given back, returned or refunded.
A reduction on a price, used as an incentive.
A reduction or kickback of a stipulated charge.
A deduction taken from a set payment or charge. Because a rebate is given after payment of the full amount has been made, it differs from a discount which is deducted in advance of the payment. In foreign trade, a full or partial rebate may be given on import duties paid on goods which are later reexported.
A rebate is a type of sales promotion marketers use primarily as incentives or supplements to product sales. The mail-in rebate (MIR) is the most common.