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Definition of rebate : 1. A kind of hard freestone used in making pavements.
2. A piece of wood hafted into a long stick, and serving to beat out mortar.
3. A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.
4. An iron tool sharpened something like a chisel, and used for dressing and polishing wood.
5. Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties.
6. Diminution.
7. To abate; to withdraw.
8. To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
9. To cut a rebate in. See Rabbet, v.
10. To deduct from; to make a discount from, as interest due, or customs duties.

Synonyms:

increase, reduce, price reduction, take, subtract, let up, abate, partial refund, lessen, bank discount, dwindle, decrease, drain, discount rate, abatement, tail away, ebb, taper, diminish, rabbet, cut a rebate in, peter, knock off

decrement, deduct

reduction, discount, refund, sale, deduction, mark down, cut, bargain

Usage examples:

• He tried to get me to give him a rebate on a policy, but I refused, and he seems to have got the idea that I was directly responsible for the failure of his scheme elsewhere. - "The Best Policy", Elliott Flower.
• It's the rebate lumber rate from our mills at Twin Buttes and elsewhere, and it was given us two years ago, a few days before election. - "The Honorable Senator Sage-Brush", Francis Lynde.
• The entrance is hewn out of a massive screen of rock, left for the purpose, and on each side of the doorway the edges show the rebate which served to receive a wooden door- frame. - "Castles and Cave Dwellings of Europe", Sabine Baring-Gould.