Rebate Barrier Option
A barrier option that offers a predetermined rebate, should the option be 'knocked-out.'
Investopedia Commentary
Should a rebate be enacted, it will be deducted from the premium paid to the issuer, thus reducing the issuer's potential profit. For this reason, it is uncommon to see a rebate opportunity attached to a barrier option.
Related Links
Options Basics Tutorial
See also: Barrier Option, Double Barrier Option, Exotic Option, Knock-In Option, Knock-Out Option