Rebate - sustany/dvg GitHub Wiki

Rebate has two legal definitions:

(1) A partial return of payment already made. In a commercial context, where rebates serve as a discount to the purchase price, the FTC Consumer Information page describes rebates as usually �require[ing] consumers to pay the full cost of an item at the time purchase, then to send documentation to the manufacturer or retailer to receive a rebate by mail.� In a tax context, rebates, also referred to as refunds, are a return of a taxpayer�s excess taxes when they paid more than they owed. For example, the Internal Revenue Code � 6428, as part of the CARES Act, allowed for an advance tax rebate to serve as a stimulus payment.

(2) A government subsidy to assist with rent payments. Also referred to as rent rebate.