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What is a rebate?

April 26, 2017rebate

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What is a rebate?

4 Answers

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Rebates are credits paid to the borrower by the lender for taking an interest rate higher than the zero point interest rates. The lender hopes to recapture the rebate paid by collecting the higher interest rate over the life of the loan.

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Rebates are credits paid to the borrower by the lender for taking an interest rate higher than the zero point interest rate. The lender hopes to recapture the rebate paid by collecting the higher interest rate over the life of the loan.

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The amount you can get back on an extras or hospital claim. A rebate can also referred to as a benefit.

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A rebate means a cash payment after the purchase of a qualified solar system. The expense of purchasing and installing the system is the responsibility of the rebate applicant.