rebate
UK: ˈriːbeɪt | US: ˈriːbeɪt
n. a partial refund to someone who has paid too much for a product or service.
vt. to give or receive a partial refund.
The word "rebate" originated in the late Middle English period, borrowed from Old French rebatre (to beat back, deduct). It combines re- (back) and batre (to beat), reflecting the idea of "beating back" or reducing a payment. Over time, it evolved to specifically denote a partial refund, retaining its core logic of reduction.
The store offered a 10% rebate on all purchases made during the sale.
Customers must mail in the receipt to claim their rebate.
The government announced a tax rebate for low-income families.
The manufacturer rebated part of the cost to compensate for the defect.
She was pleased to receive a rebate after overpaying her utility bill.