Etymology
The word "rebate" comes from the Old French word "rabatre," which in turn comes from the Late Latin verb "rabattere" meaning "to beat back." The original meaning of "rebate" was "to deduct or reduce" and it was used in this sense in the 16th century.
Meaning
Today, the word "rebate" has several different meanings:
Origin
The word "rebate" was first used in English in the 15th century. It was originally used to describe a deduction from a bill or account. In the 16th century, it began to be used more broadly to refer to any kind of discount or reduction. The word "rebate" is now used in a wide variety of contexts, both in finance and in everyday speech.
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