Definitions for "Rebates"
A practice in which railroads gave price breaks to large shippers.
In the cutthroat competition of late nineteenth-century railroading, some railroads increased the volume of freight they carried by giving shippers rebates--reduced rates for large shipments. It was a policy open to abuse.
reductions in the gross price that a buyer is charge for goods. These do not usually result in a reduction in the remittance from the buyer but are credited against monies due on future purchases or the conveyance of another item of value after the buyer has paid for the merchandise. The DOC reduces gross selling price by the amount of the rebate.
Medicaid rebates were first required by the federal Omnibus Budget Reconciliation Act of 1990 that required drug manufacturers to sign a rebate agreement with the Secretary of the U.S. Department of Health and Human Services in order to have their drugs covered by state Medicaid programs. The rebate agreement requires manufacturers to pay the state the greater of a basic rebate of 15.1% or a rebate equal to the difference between the manufacturer price and the lowest price available from the manufacturer to any other private purchaser within the U.S.; this is known as the “best price.” States also receive an additional rebate if the cost of the drug exceeds the consumer price index in any given quarter.
A bonus paid back to the account creditor as a result of prompt paying receivables.
bonus payback based on prompt payments of receivables.
When two shutters meet in the middle they overlap each other like a jigsaw, this reduces the light coming through and keeps the shutters neatly together.
A marketing tool that returns a certain amount of money to the customer after the purchase of a specified vehicle. (See also incentives.)
payments back to the purchaser, and are also referred to as allowances and incentives. Page 214
are the discounts offered on the premium levied by Insurance Companies. The rebates could be based on the Premium Payment Frequency, Term or the amount of Insurance Cover (sum assured).