Definition, Meaning & Synonyms

rebatement

noun

/riˈbeɪtmənt/

Definition

A reduction or adjustment of a payment or price, often in the context of financial transactions.

Examples

After reviewing the application, the company decided to offer a rebatement on the annual fees.
The government provided a rebatement for taxpayers who contributed to renewable energy projects.

Meaning

Rebatement refers to the act of granting a rebate or discount, typically applied to taxes or fees, intended to lessen the financial burden on an individual or organization.