Rebate

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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 ?
The maximum standard rebate is $650, but supplemental rebates for qualifying homeowners can boost rebates to $975.
To download rebate coupons for your customers, visit www.
The businesses offering rebates are used to seeing a lot customers forgetting to send in the paperwork," said Annmarie Lanesey, founder of RebateHero.
PRINCETON, NJ -- Gallup Poll tracking shows that 45% of Americans are now reporting that they have received their tax rebate, but finds little apparent effect of these rebates on consumer attitudes.
AACN will again be offering a $75 rebate to chapter members who register to attend NTI in Chicago, May 5-8, 2008.
Eighty percent of our rebates are submitted online," says Jim Sherlock, Staples' director of sales and merchandising.
There was considerable variation in the methods that manufacturers used to determine best price and AMP, and some methods could have reduced the rebates state Medicaid programs received.
While some parents question the fiscal soundness of the rebates and their explicit use as a short-term economic injection, retailers have jumped in with gusto to cheer on consumer spending rather than saving.
PhrMA sued CMS in federal court alleging that the HMP violates a provision (42 USC [section]1396r-8(b)(1)(A)) that requires manufacturers only to pay rebates for drugs for which payment was made under the state plan.
The rebates offered varied depending on the type of new model consumers chose.
I'm talking about channel rebates and, whether you're a reseller or a manufacturer, you'd better get that monkey off your back and soon.
Many utility programs offer generous rebates for replacing inefficient lighting elements, including fixtures, ballasts and bulbs.