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 ?
Based on the industrial application and joint configuration, staples for dado and butt joints were applied at an angle while those for rabbet 1 and rabbet 2 were applied at 90[degrees] to the back member.
The V-section type, made of plastic, can be applied to the back of the rabbet into which the door or window closes, or to the side of it so the door or window compresses it.
To make a mirror frame, you'll need a table saw, circular saw, or router to cut a rabbet (notch) in the edge of the 2-by-4.
PHOTO : Woolrich has introduced The Rabbet System, an innovative system of integrated outerwear, part of the Penn-Rich Collection.
The Pioneers made the score stand and locked down the Wolverines behind big hits from Bart Chenevert, Matt Rabbet, Nelson Vega, Angel Rosario and Alex LePage.
The improved performance is attributed to the dado joint used in the laboratory cabinets as compared to the rabbet joint used in some stock cabinets.
If the replacements are thicker than the originals, you can rabbet the edges so they will fit in the original jamb.