rebate
noun
[ ˈriːbeɪt ]
• a partial refund to someone who has paid too much for tax, rent, or a utility.
• "the scheme eases the move to the council tax by giving rebates in the first year"
rebate
verb
• pay back (a sum of money) as a rebate.
Origin:
late Middle English (as a verb in the sense ‘diminish (a sum or amount)’): from Anglo-Norman French rebatre ‘beat back’, also ‘deduct’.
rebate
noun
• a step-shaped recess cut along the edge or in the face of a piece of wood, typically forming a match to the edge or tongue of another piece.
• "a rebate joint"
rebate
verb
• make a rebate in (a piece of wood).
• "you can use it for rebating"
Origin:
late 17th century: alteration of rabbet.