Definition of "Rebate"
- Amount paid back or credit given because of an overcollection or the return of property sold. Also called refund.
- Unearned interest refunded to a borrower if the loan is paid off before maturity.
- Payment to a buyer after a purchase is made as an inducement to buy.
Popular Real Estate Terms
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Vendee refers to a person to whom something is sold. The meaning of vendee is a buyer of goods and services. A more common term for vendee is a purchaser. While a vendor is a seller, the ...
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People often bump into the question: "What is the statute of limitations?" So, let's shed light on the statute of limitation definition in simple words! A statute of limitations is like a ...
Local regulation on how real property may be used in a particular locality. The county may establish different zoning classifications and restrictions. If the ordinance is violated, ...
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