ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A rebate is a credit paid to a buyer of a portion of the amount paid for a product or service. In a short sale, a rebate is a fee that the borrower of stock pays to the investor who loaned the stock.

Detailed explanation-2: -A rebate is a deal in which a supplier or vendor offers to return a portion of a customer’s purchase price if they buy a certain amount (usually of a specific product) in units or dollars.

Detailed explanation-3: -Rebates are offers from the supplier either to return part of the cost of the order to the buyer or to provide additional consideration or compensation to encourage the purchase of goods and/or services. Examples include: Cash or credit based on total purchases.