rebate1
/ˈriːbeɪt
/noun
1A 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...
- If you are on a low income you may be able to claim a rebate on your rent and council tax.
- Tax rebates for dividends and capital gains will help reduce the cost of equity for companies in the knowledge sector.
- The difficulty will be that such a tax would be seen as yet another attack on the middle class, who could also face cuts to their pension contribution tax rebates and higher university tuition fees.
1.1A deduction or discount on a sum of money due: you will be entitled to a 20 per cent rebate off each standard fare...
- The industry over builds and offers incentives - discounts and rebates - thereby losing money on each car that never should have built in the first place.
- I guess they must have great ways to make the money back from the rebate of all goods their customers buy in Hong Kong.
- Best of all, when you buy a cell phone from us and transfer your number, you will still qualify for all of our great rebates and discounts.
verb [with object]
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...
- Presumably the policy contains provision for rebating the premium, if the matter does not go to trial?
- This will be achieved by rebating Underwriters' contribution to costs.
- A North Dakota Senator has sponsored a bill that would tax profits when oil is above $40 a barrel and rebate the money to taxpayers.
Derivatives
rebatable
- You gave us an example of a case where you would need it: distribution of a rebatable dividend which was less than the combined total of those profits.
- The following year, though shares are sold, for $107 million, and the gains are distributed by way of rebatable dividend.
- It was creating a dividend for itself, which would be assessable but rebatable, and it would have a loss because it was a trader in shares.
Origin
Late Middle English (as a verb in the sense 'diminish (a sum or amount)'): from Anglo-Norman French rebatre 'beat back', also 'deduct'.
rebate2
/ˈriːbeɪt/noun
A step-shaped recess cut along the edge or in the face of a piece of wood, typically forming a match to the edge or tongue of another piece: [as modifier]: a rebate joint...
- After cutting the rebates the bar is then moved to the inner position of the sticking board where it is held by slotting the glazing rebate into the recess.
- The glass check plough cuts both rebates at once, from the back edge of the bar.
- Its windows have geometric tracery in the Decorated style, with rebates for hinged shutters.
verb (rebates, rebating, rebated) [with object]
1Make a rebate in (a piece of wood): (as noun rebating) you can use it for rebating (as adjective rebated) rebated blocks are glued in each corner...
- The proper long-term way is to drill out the hole, counter rebate to a larger hole and fit a turned disc - it will last forever.
- Initially, it was hoped 5.56 M - 16 parts would do the trick for the conversion, and rebated 5.56 case heads were tried.
- Stool in tubular steel with formed seat in ply laminate rebated onto frame, by Pengelly Design.
1.1 [with object and adverbial] Join or fix (a piece of wood) to another with a rebate: the oak boarding was rebated in
Origin
Late 17th century: alteration of rabbet.
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