A rebate is a partial refund or discount given after a purchase, often used by businesses as a promotional tool to encourage sales.
Customers typically pay the full price upfront and then receive a portion of the money back, either as cash, a check, or credit.
In a different context, a tax rebate occurs when the government refunds excess taxes paid by a taxpayer, usually after filing a tax return.
Whether offered by a company or the government, rebates serve as incentives or corrections and can provide financial relief or savings to consumers.
Proper documentation is usually required to claim a rebate successfully.