TeachMeFinance.com - explain Rebate
Rebate -- Same as drawback. When part of an amount
paid is returned such return is designated a rebate.
A rebate on imported goods on which duty has been paid
is a repayment, in part or in whole, of the duties on the subsequent
exportation of the same goods in their original or in
A rebate on freight rates is a repayment, in part, of the
rales (or charges).
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.