What is LawBrain?
It's a living legal community making laws accessible and interactive. Click Here to get Started »

Rebate

From lawbrain.com

Discount; diminution of interest on capital lent in consideration of prompt repayment thereof; reduction of a stipulated charge that is not credited in advance but is returned subsequent to payment in full.

A tax rebate is a sum of money refunded to a taxpayer after full payment of the tax has been made.

Contributors

Admin