[n. ree-beyt; v. ree-beyt, ri-beyt] 
noun, verb, -bat⋅ed, -bat⋅ing.| 1. | a return of part of the original payment for some service or merchandise; partial refund. |
| 2. | to allow as a discount. |
| 3. | to deduct (a certain amount), as from a total. |
| 4. | to return (part of an original payment): He rebated five dollars to me. |
| 5. | to provide a rebate for (merchandise) after purchase: The manufacturer is rebating this air conditioner. |
| 6. | to blunt (an edged or pointed weapon). |
| 7. | to cover the edge or point of (an edged or pointed weapon) in order to make it incapable of cutting or piercing. |
| 8. | to allow rebates, esp. as the policy or practice of a company, store, etc. |
The return of part of a payment for a good. Unlike a discount, which is deducted from the price before purchase, a rebate is returned after purchase.
beɪt