What's the difference between discount and rebate?

Discount


Definition:

  • (v.) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.
  • (v.) To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
  • (v.) To take into consideration beforehand; to anticipate and form conclusions concerning (an event).
  • (v.) To leave out of account; to take no notice of.
  • (v. i.) To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
  • (v. t.) A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.
  • (v. t.) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.
  • (v. t.) The rate of interest charged in discounting.

Example Sentences:

  • (1) The government’s increase in the discount offered to tenants has prompted a massive increase in purchases of local authority accommodation.
  • (2) A 20% discount will save the average first-time buyer £43,000 on a £218,000 home (the average cost paid by such buyers), which would leave a revenue shortfall of £8bn from income if current regulatory obligations had been retained on the 200,000 homes.
  • (3) • plans to consult on increasing discounts under right to buy.
  • (4) Tesco has revamped its budget range of value products with a new range of own-label “farm” brands as it steps up its fight against German discounters Aldi and Lidl.
  • (5) They cover popular claims involving discounts such as "was £3, now £2" or "half price", which must now only be offered for the same or less time than the product was initially sold at the higher price.
  • (6) • Plans to consult on increasing discounts under right to buy – the scheme which allows social housing tenants to buy their properties.
  • (7) A modified delayed-reinforcement scheduling procedure enabled a previous methodological criticism to be discounted.
  • (8) When I peruse a potential bargain I know I am influenced more by the extent of the reduction than whether the discounted item is something we really want.
  • (9) This difference was even more significant--16.4 and -0.5%--when usage of oral contraceptives and intrauterine devices was discounted.
  • (10) A major disruption in primary metabolism and hence secondary metabolism was discounted since eight primary metabolism enzymes showed no evidence of unusual changes in specific activity when normal and manganese-deficient cultures were compared.
  • (11) "Women with children are blamed for combining motherhood with paid work, and women with no children are sidelined and discounted because they are not mothers."
  • (12) Britain's Department of Health and Social Security (DHSS) seems to have badly miscalculated in discounting the political necessity of immediately introducing legislation to ban surrogate parenthood arrangements.
  • (13) The new plug-in car grant, a plan first revealed by the Guardian last April , will offer car-buyers a maximum £5,000 discount on electric, plug-in hybrid and hydrogen vehicles from 1 January 2011.
  • (14) Comparison of these figures assumes the controversial point that preclinical cancer will always progress to invasive carcinoma if left untreated and takes no account of inflation and discounting.
  • (15) The discount retailer, which sells products ranging from biscuits to dog food and washing-up liquid, said total sales increased more than 12% to nearly £350m in the three months to the end of December.
  • (16) By discounting the relevance of child sexual trauma, psychiatric clinicians and theoreticians overlook not only the therapeutic needs of many survivors but the opportunity to reconceptualize the role of trauma in the etiology and treatment of conditions presumed to be incurable.
  • (17) Established methods of drug product management, such as formularies and MACs, were most commonly reported by HMOs; however, nearly half reported using new approaches, including contracts with manufacturers, incentives, such as discounts and rebates based on use, and exclusive or preferred status.
  • (18) In one clothes shop, with racks of discounted Calvin Klein and DKNY, the manager, Sav, explains what's happened: "In this crisis, the middle classes have been hollowed out."
  • (19) The average amount of life expectancy gained by immediate cholecystectomy compared with expectant management is 52 days, which is reduced to 23 days using 5% discounting.
  • (20) Tesco’s accounting scandal has led to concerns about the way the sector handles payments from suppliers for promoting products or hitting sales targets, and UK grocers are operating under fierce competition from discounters such as the German company Aldi which has reported a 65% rise in profits in the UK.

Rebate


Definition:

  • (v. t.) To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
  • (v. t.) To deduct from; to make a discount from, as interest due, or customs duties.
  • (v. i.) To abate; to withdraw.
  • (n.) Diminution.
  • (n.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties.
  • (n.) A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.
  • (n.) A piece of wood hafted into a long stick, and serving to beat out mortar.
  • (n.) An iron tool sharpened something like a chisel, and used for dressing and polishing wood.
  • (n.) A kind of hard freestone used in making pavements.
  • (v. t.) To cut a rebate in. See Rabbet, v.

Example Sentences:

  • (1) UK negotiatiors, though, fought back hard -- thus Cameron's fighting talk in his press conference ( see 12.46pm ) 12.49pm BST Open Europe tweets Cameron's tough talk on the rebate: Open Europe (@OpenEurope) Cameron: in Feb we reached a clear deal rebate would remain unchanged, since then some have tried to question this agreement June 28, 2013 Open Europe (@OpenEurope) Cameron: I defeated these attempts to change the rebate, it will remain unchanged for this long term budget June 28, 2013 12.46pm BST David Cameron press conference underway In Brussels, David Cameron is holding his press conference now.
  • (2) Senior government sources have confirmed the budget razor gang has the fuel tax credit (formerly known as the diesel fuel rebate) “firmly in its sights” – a scheme that rebates miners and farmers and others for the off-road use of diesel.
  • (3) Established methods of drug product management, such as formularies and MACs, were most commonly reported by HMOs; however, nearly half reported using new approaches, including contracts with manufacturers, incentives, such as discounts and rebates based on use, and exclusive or preferred status.
  • (4) If there had been no rebate, the UK would have paid more to the common budget than the other countries.
  • (5) We will retain the UK rebate, but it must be bearable for the other net contributors."
  • (6) He also launched a strong attack on Labour, which brokered an above-inflation increase and placed the British EU rebate on the table when it led the last budget negotiations during the 2005 UK presidency of the EU.
  • (7) Although it will include some $150bn in tax relief for people on low and middle incomes, the Obama administration's emphasis on spending marks a shift from the approach of George Bush, who tried to stimulate the economy over the summer simply by sending out millions of tax rebate cheques.
  • (8) The deputy prime minister and leader of the Nationals, Warren Truss, said: “Nothing that comes out of Paris will affect or have any impact on the diesel fuel rebate.” George Christensen, a Liberal National party MP based in regional Queensland, said signing the proposed communique would be “madness”.
  • (9) Banks and insurance companies regulated by the Bank of England are receiving a £8m rebate on the fees they pay to fund the banking watchdog – partly as a result of a fine imposed on Royal Bank of Scotland .
  • (10) As Guardian Australia reported, the government was also seriously considering changes to the rebate paid to farmers and miners for the off-road use of diesel, but after fierce lobbying from both sectorsit is understood to have dropped the idea.
  • (11) Brussels has never liked the UK’s rebate and it seems unlikely an independent Scotland would be allowed to keep a share of it.
  • (12) It would approach EU negotiations on the basis of "continuity of effect", meaning that it would expect the provisions that apply to the UK (ie, euro opt-out, the rebate) to continue to apply.
  • (13) The people who are the super-super-rich buying their houses for £140m, this is not necessarily going to affect them because they have got their tax rebates and their amazing accountants.
  • (14) Cameron showed he would fight hard to retain the rebate when he was asked on Wednesday by the Tory MP David Nuttall to give a commitment that he would not agree to further reductions.
  • (15) Following Money's intervention, HomeServe rang Rayner, explained why his premium had risen, and gave him a £100 rebate.
  • (16) All he is doing is simply counting the rebate that was due anyway, a rebate that was never in doubt, trying to fool people into thinking the bill has been halved.
  • (17) It has emerged that ministers are considering how to persuade most of the country's 27m homeowners to take part in the flagship scheme - which could lead to incentives such as a rebate on council tax or stamp duty.
  • (18) Lawyers acting on behalf of three jobseekers including Cait Reilly – the unemployed graduate forced to work unpaid in Poundland – are hoping to overturn a controversial law introduced by the DWP in March which allowed the department to ignore court judgments awarding more than £100m in benefits rebates to a quarter of a million jobseekers.
  • (19) The changes to rebates for short consultations were part of the government’s “plan B” for Medicare , after Abbott and Dutton conceded in December that the budget policy to introduce a co-payment would not pass the Senate.
  • (20) This could begin as early as daycare, with accredited agencies being funded to provide children aged one to four with specialty education about water familiarisation and general water safety – including teaching toddlers how to ‘swim to the side to stay alive’.” Hart called on the government to offer swimming lesson rebates to help reduce the financial burden, which can reach up to $300 per term .