Rebate

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Related to rabbet: rabbet plane, rabbet joint

Rebate

Negotiated return of a portion of the interest earned by the lender of stock to a short seller. When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer. The proceeds are delivered to the lender. The borrower, who is short, often wants a rebate of the interest earned on the proceeds under the lender's control, especially when the stock can be borrowed from many sources. Note: The seller must pay the lender any dividends paid out or, in the case of bonds, interest that accrues daily during the term of the loan.

Rebate

1. In an option, the amount that the holder is paid by the writer if the contract expires unexercised. It is usually a portion of the premium the holder originally paid.

2. In a short sale, the interest or dividends to which the lender of a security otherwise would be entitled but instead passes on to the borrower (who is the short seller).

rebate

(1) A refund. (2) A kickback. Kickbacks from settlement providers are illegal under the Real Estate Settlement and Procedures Act.

Rebate

Same as Negative Points.

References in periodicals archive ?
With staples Joint Proprietary type Polyamide EVA product (lb in) Rabbet 1 915 (4.
Run a bead of yellow glue in each rabbet, fit the front end in place, and secure it with three finishing nails driven through the sides.
Cut the tray back (I) and sides (J) from some scrap wood, and rabbet the ends of the back and the cutout to accept the tray sides.
Lay one side board across the end of the battens, aligning it with the shoulder of the rabbet.
Bernkopf ripped a 1/2- by 3/4-inch rabbet along the inside edge of each upright, then screwed the plywood panels in place.
A rabbet is simply a square notch at the edge of plywood or lumber.
Framing Elements combines our most popular moulding styles, finishes and ready-made frame sizes with rabbet depths that accommodate double matting and most standard canvas," he said.
The easy way to get your rabbet cuts accurate is to measure up one foot from the outside or long point of the leg and mark the point.
Cut door strips apart to make 12 doors,then cut a shallow rabbet in one back edge of each for the hings, as pictured on page 100.
It's common practice to cut a rabbet (a notch to receive the 1/4-in, back panel) on the back edge of cabinet carcasses so the back panel will be recessed.
I then turned the wider frame on its side to achieve the necessary depth, and the narrower frame sits snugly within the rabbet.