rebatements

Example:The company decided to offer a price rebate to attract more customers during the holiday season.

Definition:A reduction in the price of a product or service that is passed on to the customer, usually in response to bulk purchases or market competition.

Example:When she filed her taxes, Sandra received a large tax rebate due to the credits she claimed.

Definition:A reduction in the amount of tax owed by an individual or business, usually given as a refund if the amount is greater than the tax paid.

Example:The bank offered an interest rebate to all customers who had repaid their loans early within the first year.

Definition:A reduction in the interest rate charged on a loan, typically offered to existing customers as a retention strategy.