Rebate


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.
Related to Rebate: Tax rebate

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 ?
'Every centavo of the P534-million fine imposed against Manila Water will be returned to customers thru the rebate, and the P600-million additional penalty will be used to develop new water resource for the East Zone,' he said.
Over the last seven years, EPA has awarded approximately $39 million in rebates to replace almost 2,000 school buses.
The portion of manufacturer rebates retained by the various participants in the healthcare supply chain is uncertain.
NORTH workers could be missing out on thousands of pounds and are being urged to claim back their tax rebates before the deadline passes.
Earlier, Che Ruzima said if consumers wanted the rebate to be remitted into their bills, they can write in to TNB.
Other local utility districts offer rebates for energy-efficient upgrades as well.
"We have designed the kind of rebate we would like.
The residential rebate provides up to $2,500 to homeowners who install qualifying wind or solar electric systems.
Sometimes text messages are also sent to convince victims that the rebate is legitimate.
Residential Real Property--Federal New Housing Rebate
With that in mind, the FAA and its Department of Transportation parent agency on June 6, 2016, unveiled a rebate program--unprecedented in our memory--the feds hope will accelerate what is widely considered a laggardly installation pace.
According to BriteSwitch, a company that identifies and optimizes utility incentives and performs all the paperwork, about 2/3 of the country is covered by an active lighting rebate program.