Definition of "Rebate"

Melanie Chadwell Norris real estate agent
Melanie Chadwell Norris, Real Estate Agent RE/MAX ALL PROS - Tampa/Valrico

  1. Amount paid back or credit given because of an overcollection or the return of property sold. Also called refund.
  2. Unearned interest refunded to a borrower if the loan is paid off before maturity.
  3. Payment to a buyer after a purchase is made as an inducement to buy.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions