REBATES Meaning and
Definition
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Rebates refer to a form of financial incentive that aims to encourage consumers to purchase a product or service by offering a partial refund or reduction in the purchase price. Typically, rebates are provided by manufacturers or retailers as a way to boost sales, create brand loyalty, or introduce new products. The primary objective is to entice potential customers who may be hesitant to commit to a purchase due to the cost involved.
In practice, rebates involve the customer paying the full price of the product upfront and then submitting a claim to the manufacturer or retailer to receive the rebate amount promised. Once the claim is verified, the customer is refunded either by direct deposit, a check, a gift card, or other designated means. Rebates may cover a fixed amount or a percentage of the original purchase price, and they can vary in value depending on the product or service being offered.
Overall, rebates serve as a marketing tool to incentivize consumers, improve sales figures, and increase customer satisfaction. They allow customers to take advantage of discounts without requiring upfront negotiations or bargaining at the point of sale. Additionally, for manufacturers and retailers, rebates serve as a method to capture customer information and gather market data on consumer behavior and buying patterns.
Common Misspellings for REBATES
Etymology of REBATES
The word "rebate" has its roots in Old French, deriving from the verb "rebattre", which means "to beat back" or "to deduct". The prefix "re-" implies "back" or "again", while "battre" means "to beat" or "to strike". Consequently, "rebate" originally referred to a deduction or refund given as a kind of "beating back" or repayment. Over time, the term became specifically associated with discount offers or refunds given to consumers after purchasing a product or service.
Conjugate verb Rebates
CONDITIONAL
I
would rebate
we
would rebate
you
would rebate
he/she/it
would rebate
they
would rebate
FUTURE
I
will rebate
we
will rebate
you
will rebate
he/she/it
will rebate
they
will rebate
FUTURE PERFECT
I
will have rebated
we
will have rebated
you
will have rebated
he/she/it
will have rebated
they
will have rebated
PAST
I
rebated
we
rebated
you
rebated
he/she/it
rebated
they
rebated
PAST PERFECT
I
had rebated
we
had rebated
you
had rebated
he/she/it
had rebated
they
had rebated
PRESENT
I
rebate
we
rebate
you
rebate
he/she/it
rebates
they
rebate
PRESENT PERFECT
I
have rebated
we
have rebated
you
have rebated
he/she/it
has rebated
they
have rebated
I
am rebating
we
are rebating
you
are rebating
he/she/it
is rebating
they
are rebating
I
was rebating
we
were rebating
you
were rebating
he/she/it
was rebating
they
were rebating
I
will be rebating
we
will be rebating
you
will be rebating
he/she/it
will be rebating
they
will be rebating
I
have been rebating
we
have been rebating
you
have been rebating
he/she/it
has been rebating
they
have been rebating
I
had been rebating
we
had been rebating
you
had been rebating
he/she/it
had been rebating
they
had been rebating
I
will have been rebating
we
will have been rebating
you
will have been rebating
he/she/it
will have been rebating
they
will have been rebating
I
would have rebated
we
would have rebated
you
would have rebated
he/she/it
would have rebated
they
would have rebated
I
would be rebating
we
would be rebating
you
would be rebating
he/she/it
would be rebating
they
would be rebating
I
would have been rebating
we
would have been rebating
you
would have been rebating
he/she/it
would have been rebating
they
would have been rebating
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