A Rebate is a sum of money credited or returned to a customer as compensation.

What is Rebated ?
A Rebate is a process of compensating a customer or purchaser with cashback or other forms of payment. Rebate may be a flat-rate rebate wherein the rebate amount is automatically subtracted from the price to be paid by the purchaser or conditional rebates that are only acceptable under certain conditions, such as a buy one get one free offer.