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.

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