What is Rebating? - Definition from Insuranceopedia
WebFeb 29, 2024 · Rebating is a way of making a potential insurance client buy the insurance product by returning the commission meant for the broker or agent as compensation or payment for the sale. The insurer might also promise discounts on premiums or even gifts.
REBATING IN INSURANCE: Definition and How It Works
WebNov 8, 2022 · Rebating is a process in the insurance industry where something of value that isn’t covered by the policy is offered to sell it. Rebating occurs when the commission for the sale of insurance is partially or completely refunded to the potential customer.
Rebate Definition & Meaning - Merriam-Webster
Webverb. re· bate ˈrē-ˌbāt. ri-ˈbāt. rebated; rebating. Synonyms of rebate. transitive verb. 1. : to reduce the force or activity of : diminish. 2. : to reduce the sharpness of : blunt. 3. a. : to …
REBATE Definition & Meaning | Dictionary.com
WebRebate definition: a return of part of the original payment for some service or merchandise; partial refund.. See examples of REBATE used in a sentence.
Rebate: Definition, Types, Examples, Vs. Discount - Investopedia
WebJan 22, 2022 · Broadly speaking, a rebate is a sum of money that is credited or returned to a customer on completion of a transaction. A rebate may offer cashback on the purchase of a consumer product or...
REBATE | English meaning - Cambridge Dictionary
Weban amount of money that is returned to you, especially by the government, for example when you have paid too much tax: tax rebate The government plans to give small …
What Is a Rebate? | Capital One
WebJan 31, 2023 · A rebate is a refund offered to a customer by a manufacturer, distributor or retailer when a customer makes a purchase. Sometimes referred to as a retroactive discount, rebates are often used as an incentive or marketing tactic to attract customers.
Rebate | Taxes, Savings & Incentives | Britannica Money
Webrebate, retroactive refund or credit given to a buyer after he has paid the full list price for a product or for a service such as transportation. Rebating was a common pricing tactic during the 19th century and was often used by large industrialists to preserve or …
Rebate - Definition, Meaning & Synonyms | Vocabulary.com
WebA rebate is a partial refund of the cost of an item. It acts as an incentive to help sell the product. If your new cell phone came with a rebate, you'll get a check in the mail for a certain amount of the cost.
REBATE | definition in the Cambridge English Dictionary
Weban amount of money that is returned to you, especially by the government, for example when you have paid too much tax: tax rebate The government plans to give small …
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