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TeachMeFinance.com - explain Rebate historic definition...
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
another form.
A rebate on freight rates is a repayment, in part, of the
rales (or charges).
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