A rebate is a partial refund given to a buyer after they purchase a product or service. It is often used as a marketing strategy to encourage sales, allowing customers to receive money back after completing a purchase. Rebates can be offered by manufacturers, retailers, or service providers and may require customers to submit a form or proof of purchase to receive the refund. Rebates can come in various forms, such as cash, store credit, or discounts on future purchases. They are commonly found in industries like electronics, automotive, and consumer goods. Understanding the terms and conditions of a rebate is essential to ensure that customers receive their money back successfully.