Definition, Meaning & Synonyms
cashback
noun
/ˈkæʃ.bæk/
Definition
A percentage of the amount spent that is returned to the customer after a purchase.
Examples
- Many credit cards offer cashback rewards for every purchase.
- She received $50 in cashback from her recent shopping spree.
- He always checks for cashback deals before making a purchase.
Meaning
Cashback is a reward that retailers offer, allowing customers to receive a portion of their money back on certain purchases, often as a way to encourage spending.
Synonyms
- rebate
- refund
- kickback
