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Rebate

ˈriːbeɪt

Rebate definitions
noun
rebate rebates
  1. a partial refund to someone who has paid too much for tax, rent, or a utility

    "the scheme eases the move to the council tax by giving rebates in the first year"

    refund partial refund repayment
    • a deduction or discount on a sum of money due

      "you will be entitled to a 20 per cent rebate off each standard fare"

verb
rebate rebated rebates rebating
  1. pay back (a sum of money) as a rebate

    "the government rebates part of your own and your employer's National Insurance contributions into the plan"