Difference Wiki

Discount vs. Rebate

The difference between 'Discount' and 'rebate' is that when it comes to discount, it means a reduction of the price. Whereas when it comes to the rebate, it may be defined as refunding a part of the paid amount. So particularly the difference is between time and type of concession.

Key Differences

Besides that, both terms are related to the depletion allowance, yet they differ according to the time of payment and mode of payment.
Discount is directly related to the profit margin of the seller while rebate is related to the manufacturer’s cost.
Samantha Walker
Aug 08, 2018
Discount is done in the form of money at the time of payment while rebate may be done via PayPal or any other service.
Discount is usually done in order for the publicity of the brand or market whereas rebates are usually done for the return of extra payment made by the customer.
Samantha Walker
Aug 08, 2018
To compensate the amount at the moment is known as discount whereas to compensate for payment is known as a rebate.

Comparison Chart

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Discount is the concession in the original amount of something.
Rebate is refunding of the amount of something paid
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With respect to time

Discount is done at the time of payment
Rebate is given after the approval of manufacturers or after a certain period of payment

With respect to the mode of payment

Discount is basically deduction made in the payment at the spot on the basis of the market and customer’s demand
Rebate is free from all the sort of public pressure but is a favour from the seller to the customer and paid after a certain time period

Usage

Discount is common among the people and could be applicable to any sort of marketing
Rebate is a less common term among people and is applicable under certain terms and conditions only
Harlon Moss
Aug 08, 2018

Favoured by people

As people prefer paying less at the time, so it is more popular and preferred by the people.
Though rebate also means refunding of the paid amount but it is not preferred by the people. Because paying less at the time is more convenient.
Janet White
Aug 08, 2018

Discount and Rebate Definitions

Discount

To sell or offer for sale at a reduced price
Discounting all merchandise.

Rebate

A deduction from an amount to be paid or a return of part of an amount given in payment.
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Discount

To reduce in quantity or value
Discount a price.

Rebate

Variant of rabbet.

Discount

To deduct or subtract from a cost or price
Discounted 30 dollars off the price of the coat.

Rebate

A cut or groove along or near the edge of a piece of wood that allows another piece to fit into it to form a joint.

Discount

To determine the present value of (a future payment or series of payments).

Rebate

A joint so made.
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Discount

To price (a bond or other debt security) at a reduction to its face value, especially in place of a coupon.

Rebate

To deduct or return (an amount) from a payment or bill.

Discount

To disregard or doubt (something) as being exaggerated or untrustworthy
Discount a rumor.

Rebate

To lessen; diminish.

Discount

To underestimate the significance or effectiveness of; minimize
I made sure in my report not to discount your accomplishments.

Rebate

To cut a rabbet in.

Discount

To anticipate and make allowance for; reckon with in advance.

Rebate

To join by a rabbet.

Discount

A reduction from the full or standard amount of a price or value.

Rebate

To be joined by a rabbet.

Discount

The amount by which the face value of a bond or other debt security exceeds its market price.

Rebate

A deduction from an amount that is paid; an abatement.

Discount

Offering products or services for sale at low or reduced prices
A discount retailer.
A discount airline.

Rebate

The return of part of an amount already paid.

Discount

Sold or offered for sale at a low or reduced price
Discount merchandise.

Rebate

(photography) The edge of a roll of film, from which no image can be developed.

Discount

Reduced in quantity or value
Discount airfares.

Rebate

A rectangular groove made to hold two pieces (of wood etc) together; a rabbet.

Discount

Priced below face value, especially in place of a coupon
A discount bond.

Rebate

A piece of wood hafted into a long stick, and serving to beat out mortar.

Discount

To deduct from an account, debt, charge, and the like.
Merchants sometimes discount five or six per cent for prompt payment of bills.

Rebate

An iron tool sharpened something like a chisel, and used for dressing and polishing wood.

Discount

To lend money upon, deducting the discount or allowance for interest
The banks discount notes and bills of exchange

Rebate

A kind of hard freestone used in making pavements.

Discount

To take into consideration beforehand; to anticipate and form conclusions concerning (an event).

Rebate

(transitive) To deduct or return an amount from a bill or payment

Discount

To leave out of account or regard as unimportant.
They discounted his comments.
They discounted his suggestion.
They discounted his idea.

Rebate

(transitive) To diminish or lessen something

Discount

To lend, or make a practice of lending, money, abating the discount

Rebate

To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.

Discount

To believe, or act as though one believes, that one's own feelings are more important than the reality of a situation.

Rebate

(transitive) To cut a rebate (or rabbet) in something

Discount

A reduction in price.
This store offers discounts on all its wares. That store specializes in discount wares, too.

Rebate

To abate; to withdraw.

Discount

(finance) A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.

Rebate

To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.
But doth rebate and blunt his natural edge.

Discount

The rate of interest charged in discounting.

Rebate

To deduct from; to make a discount from, as interest due, or customs duties.

Discount

(figurative) A lack or shortcoming.

Rebate

To return a portion of a sum paid, as a method of discounting of prices.

Discount

The act of one who believes, or act as though they believe, that their own feelings are more important than the reality of a situation.

Rebate

To abate; to withdraw.

Discount

Specializing in selling goods at reduced prices.
If you're looking for cheap clothes, there's a discount clothier around the corner.

Rebate

Diminution.

Discount

To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills.

Rebate

Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties.

Discount

To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange.
Discount only unexceptionable paper.

Rebate

A portion of a sum paid, returned to the purchaser, as a method of discounting. The rebate is sometimes returned by the manufacturer, after the full price is paid to the retailer by the purchaser.

Discount

To take into consideration beforehand; to anticipate and form conclusions concerning (an event).

Rebate

A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.

Discount

To leave out of account; to take no notice of.
Of the three opinions (I discount Brown's).

Rebate

A piece of wood hafted into a long stick, and serving to beat out mortar.

Discount

To lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.

Rebate

An iron tool sharpened something like a chisel, and used for dressing and polishing wood.

Discount

A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.

Rebate

A kind of hard freestone used in making pavements.

Discount

A deduction made for interest, in advancing money upon, or purchasing, a bill or note not due; payment in advance of interest upon money.

Rebate

A refund of some fraction of the amount paid

Discount

The rate of interest charged in discounting.

Rebate

A rectangular groove made to hold two pieces together

Discount

The act of reducing the selling price of merchandise

Rebate

Give a reduction in the price during a sale;
The store is rebating refrigerators this week

Discount

Interest on an annual basis deducted in advance on a loan

Rebate

Cut a rebate in (timber or stone)

Discount

A refund of some fraction of the amount paid

Rebate

Join with a rebate;
Rebate the pieces of timber and stone

Discount

An amount or percentage deducted

Discount

Bar from attention or consideration;
She dismissed his advances

Discount

Give a reduction in price on;
I never discount these books-they sell like hot cakes

Discount vs Rebate

Discount is the concession in the price being paid by the customer. It is done at the time of payment and is favour by the seller. When it comes to the rebate, it is the price given by the seller to the rebate in case if he pays more for the thing or else, it may be a discount that is given after the payment. It means that the complete payment is made and the price is returned afterwards. Both terms are associated with the depletion allowance. A common example from daily life may be taken as when we do make a bill of ‘four hundred and five dollars’ the shopkeeper if rounds of the money to ‘four hundred’ it would be discount for the customer. Whereas if the shopkeeper gives a substitute of candy or any other thing after you paid him ‘four hundred and ten’ instead of four ‘hundred and five’, for the extra five you paid, it would be a rebate.

What is Discount?

Discount is the concession in the price at the time of payment. It varies and usually is offered by the sellers or people insist upon for it. It is a common term that is understood and spoken by people very often. The word ‘discount’ originated from Latin word ‘dis-computare’ and revolutionized over the period of time into a discount. People usually love to get compensated amount to pay hence the term in the sense of marketing is used very commonly and widely. There are several conditions for a discount. The people usually themselves insist or urge for a discount, and sometimes the seller uses the term for the publicity and promotion of their market or products. The term is usually seen in terms of percentage which is applied to the total actual applied term of the object. People get attracted to such offers, and hence the marketing succeeds. But it never gives a loss to the seller because the amount of discount used is usually estimated and an extra charged amount which may lessen the profit but not kill it entirely.

What is Rebate?

Rebate is refunding of the price paid. It is decided by the manufacturers or is most commonly applied for the tax. When someone pays extra tax, the government rebates the amount after some time. The term is less popular among people because it sounds easy for them to pay less instead of paying more and then get refunded. A market is a place that has people from all the class. The economy difference leads to the choice difference between the discount and the rebate. People from upper class commonly don’t bother either of these but if it comes to preference its rebate rather than discount while middle and especially the lower class tend to pay less according to their affordability at the time. Rebate is most common on electrical appliances where the seller contacts the manufacturer and the price is returned to the customer in certain cases. For example, when it comes to buying any electrical appliance it includes tax and other additional amounts, so manufacturer refunds a certain amount in order for the ease and maybe advertisement or attraction of the brand. The rebate could either be in terms of money or anything of equivalent price.

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