A discount or reduction in price of a product or interest, not given in advance, but handed back because of prompt payment or other reason Many states regulate gifts and educational aids given to real estate brokers by supporting companies such as title companies, calling these in effect, a price discount (rebate)
A percentage of a cash loan's market value which is returned to the borrowing broker for the use of its cash in the investment of a short-term instrument The percentage varies depending on the institution and the current short-term interest rate
Compensation received from a wholesale lender, which can be used to cover closing costs, or as a refund to the borrower Loans with rebates often carry higher interest rates than loans with "points" (see above)
1) a refund of payment 2) amount of money returned to the consumer after the purchase has been made
A portion of the agent's commission returned to an insured or anything else of value given an insured as an inducement to buy The payment of policy dividends, retroactive rate adjustments, and reduced premiums that reflect the savings of direct payment to an agent or home office are not usually considered to be rebates In most cases rebates are illegal, both for the agent or insurer to give a rebate and for an insured to receive one (G)
Compensation received from a wholesale lender which can be used to cover closing costs or as a refund to the borrower Loans with rebates often carry higher interest rates than loans with "points" (see above)
A reduction in the price of a particular pharmaceutical obtained by a PBM from the pharmaceutical manufacturer 27
- As part of the Omnibus Reconciliation Act of 1990, Congress required that a pharmaceutical company would have to pay a rebate on its products to receive reimbursement by the Medicaid program For all innovator products, the rebate is the greater of 15 1 percent of the average manufacturer's price (AMP) or the difference between the AMP and the manufacturer's "best price," (the lowest price offered to any other customer, excluding Federal Supply Schedule (FSS) prices, prices to state pharmaceutical-assistance programs, and prices that are nominal in amount, and includes all discounts and rebates) An additional rebate is required for any price increase for a product that exceeds the increase in the Consumer Price Index for all items since 1990 A rebate of 11 percent of each product's AMP is required for generic drugs
Negotiated return of a portion of the interest earned by the lender of stock to a short seller When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer The proceeds are delivered to the lender The borrower, who is short, often wants a rebate of the interest earned on the proceeds under the lender's control, especially when the stock can be borrowed from many sources Note: The seller must pay the lender any dividends paid out or, in the case of bonds, interest that accrues daily during the term of the loan
A refund from a processor for the value of a commodity food contained in an end product
A special payment from the manufacturer to the customer to promote sales of slow-selling models Also called a "Customer Incentive"
cut a rebate in (timber or stone) give a reduction in the price during a sale; "The store is rebating refrigerators this week
An amount offered by some manufacturers, dealers, or lessors that may be paid to you separately or credited to your lease agreement
To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise
a refund of some fraction of the amount paid join with a rebate; "rebate the pieces of timber and stone" cut a rebate in (timber or stone) give a reduction in the price during a sale; "The store is rebating refrigerators this week
In insurance, a portion of an agent's commission returned to a customer as an inducement to place the insurance through the agent This practice is illegal in all but two states as against public policy Reciprocal exchange - A type of insurance managed by an attorney-in-fact in which members pay premiums, and share in losses equally Membership is required for insurance
1 v To deduct or return a portion of moneys otherwise due, as a portion of a travel agent's commission 2 n A sum so returned
Compensation received from a wholesale lender that can be used to cover closing costs or as a refund to the borrower Loans with rebates often carry higher interest rates than loans with "points" (see Points)
Discount technique used mainly by manufacturers to bring down the final price that consumers pay for an item Only 5% to 10% of eligible rebates are ever redeemed
a refund of some fraction of the amount paid join with a rebate; "rebate the pieces of timber and stone"
Used in the context of general equities Negotiated return of a portion of the interest earned by the lender of stock to a short seller When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer The proceeds are delivered to the lender The borrower, who is short, often wants a rebate of the interest earned on the proceeds under the lender's control, especially when the stock can be borrowed from many sources Note: the seller must pay the lender any dividends paid out or, in the case of bonds, interest which accrues daily during the course of the borrow
A rebate is an amount of money which is paid to you when you have paid more tax, rent, or rates than you needed to. a tax rebate = refund. an amount of money that is paid back to you when you have paid too much tax, rent etc (rebate (15-21 centuries), from rabattre ). Retroactive refund or credit given to a buyer who has purchased a product or service. Fair and equitable rebates are used simply as incentives available to all customers. So-called deferred (or exclusive-patronage) rebates are used by large vendors of perishables and consumer durable goods. To receive such a rebate, the purchaser must agree to buy certain goods or services exclusively from a particular vendor for a fixed period of time. Rebating was a common pricing tactic in the 19th century, often used by large companies to undercut competition from smaller firms. The U.S. railroad industry practiced price discrimination by granting secret rebates to important customers; the rebates granted to Standard Oil Co. helped it acquire a monopoly over the oil industry. Governments occasionally sponsor rebates on previously paid taxes such as property, income, or sales taxes. Tax rebates can be used to stimulate the economy, to return excess revenue to taxpayers, or to encourage specific actions such as energy conservation
An amount you get back from the Inland Revenue when you have paid too much tax A tax rebate is a tax refund due to you
A mail in rebate is a product rebate which must be redeemed by mail, in contrast with instant rebates, which are redeemed at the time of purchase. Products which come with a mail in rebate are usually clearly labeled to indicate this, alerting consumers to the fact that they can receive cash back on their purchases if they are willing to go through the process of submitting a rebate by mail. Mail in rebates may also be offered more generally by a store for purchases of a particular brand of product, or purchases over a certain amount
(Ekonomi) A tax refund or tax rebate is a refund on taxes when the tax liability is less than the taxes paid. Taxpayers can often get a tax refund on their income tax if the tax they owe is less than the sum of the total amount of the withholding taxes and estimated taxes that they paid, plus the refundable tax credits that they claim
An insurance sales practice in which an insurance agent offers a prospect an inducement, such as a cash payment, to purchase an insurance policy from that agent The practice of rebating is prohibited in most states
Giving a premium reduction or another financial advantage not stated in the policy as an inducement to purchase the policy The offer of sharing commissions with the applicant is an inducement that is not part of the insurance policy and, therefore, is considered rebating Rebates include not only cash but also personal services and items of value Rebating is considered a violation of the Unfair Trade Practices Acts in most states
Returning part of the commission or giving anything else of value to the insured as an inducement to buy the policy It is illegal and cause for license revocation in most states In some states, it is an offense by both the agent and the person receiving the rebate
An insurance sales practice that is prohibited in most of the United States and Canada In rebating, the agent offers the prospect a special inducement to purchase a policy The rebate is usually made in the form of a share of the agent's commission
In insurance, granting any form of inducement, favor, or advantage to the purchaser of a policy that is not available to all under the standard policy terms Rebating in some states is a penal offense for which both the agent and the person accepting the rebate can be punished by fine or imprisonment, and in virtually all states the agent is subject to revocation of license
[ 'rE-"bAt, ri-' ] (verb.) 14th century. Middle English, from Middle French rabattre to beat down again, from Old French, from re- + abattre to beat down, from a- + battre to beat, from Latin battuere.
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