Rebates

Rebates

When buying a product or a service, the client can get a rebate (on the price) from the reseller so that the purchase will be cheaper for the client.

In B2B, a vendor can give rebates to his reseller when the reseller reaches a pre-define sales target. This rebate represents money which is refund to the reseller end of term (quarter, semester, year) which will, as a result, increase its margin.

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Part of Speech: noun
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Industry/Domain: Business services; Financial services; Information industry; Manufacturing
Category: Marketing; Accountancy
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Related terms

rebate

Retail; Supermarkets

An advertising allowance or refund that reduces a retail price for a product if a customer mails a proof-of-purchase. See floor stock.

rebate

Convention; Conferences

A return of part of a payment.

rebate

Professional careers; Sales

A temporary price reduction to encourage immediate purchase.

rebate

Accounting; Auditing

Return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period. Unlike discount (which ...

rebate

Photography; Professional photography

margin on photographic film surrounding the image area.

rebate

Advertising; Marketing communications

A sales promotion technique whereby a purchaser is given back part of the purchase price. Most commonly, this is associated with retailers achieving a previously agreed sales ...

corporation

Business services; Marketing

Corporations are a different form of partnership. They are artificial persons who can own property, pay taxes, hire employees, and engage in business.

articles of incorporation

Business services; Marketing

The document that frames the creation, organization, day-to-day operation, identity of registered agent, and dissolution of a corporation.

judicial dissolution

Business services; Marketing

A court's determination that a company should be dissolved for the good of the partners because the business has engaged in illegal activities.

constructive trust doctrine

Business services; Marketing

The theory that a partner who acquires profits for his own enrichment holds such funds for the benefit of the company as a whole and can be ordered to return such funds to the ...

actual authority

Business services; Marketing

Actual authority refers to the specific instructions, rights, and parameters granted to the agent from the principal.

ratification

Business services; Marketing

Confirmation of a prior act that may not have been authorized but to which the principal agrees to be bound is called ratification.

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