The definition of a rebate is a discount given to a customer at the time of purchase, or money sent to a customer after they've paid the full price. ... An example of a rebate is someone paying full price for a cell phone and sending in a form to get 10% of what they paid back.

What are types of rebates?

What is rebate in accounting with example?

A rebate is a payment back to a buyer of a portion of the full purchase price of a good or service. This payment is typically triggered by the cumulative amount of purchases made within a certain period of time. Rebates are generally designed to increase the volume of purchases made by customers.