In essence, Chesapeake would get a rebate on the fees it had guaranteed to Access.
Sometimes, not always, the 3% or 4% rebate Microsoft promises makes its endorsed merchant the cheapest on the list.
Instead, President François Hollande pushed for cuts to the rebate the U.K. has received from the EU since 1984.
1650s, from rebate (v.).
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.