rebate
Definitions
A partial refund to someone who has paid too much money for tax, rent, or a utility.
A deduction from an amount to be paid, or money returned after payment, often as a promotional incentive.
A groove or channel cut into the edge or face of a piece of material, typically wood.
Examples
The company offered a fifty-dollar rebate on all new laptop purchases made this month.
After submitting the required documentation, I received a tax rebate for my energy-efficient home improvements.
Synonyms
discount refund deduction repayment allowance reduction kickback