Longman Dictionary of Contemporary English homepage

Topic: BUSINESS

Date: 1600-1700
Origin: rebate 'to make a rebate' (15-21 centuries), from Old French rabattre 'to beat down again'

rebate

noun
     
reā€§bate [countable]
PETB an amount of money that is paid back to you when you have paid too much tax, rent etc:
You may be entitled to a tax rebate.
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