An amount deducted
To take away (a quantity) from another quantity
To grow or cause to grow gradually less
A rebate of 3% is granted on imports from Great Britain.
To the conservatives, call it a tax rebate; to the liberals, an entitlement.
There is a rebate of 3% on most goods from the United Kingdom, machinery from Great Britain thus entering free.
During1812-1834a royalty of 121 cents was charged to raise funds for building canals (a rebate being granted in the last three years covering the entire amount of the royalty for these years).
This convention was notable for its grant of preferential treatment (in general, a rebate of 25% on the customs already levied) to imports from the United Kingdom.