Rebate vs Refund

Rebate vs Refund

Rebate – is a noun and is defined as an amount of money that is paid back to you because you have paid too much.

a. The scheme eases the move to the council tax by giving rebate in the first year.
b. You will be entitled to a 20% rebate off each standard fare.

An amount of money that is taken away from the cost of something before you pay for it.

a. Buyers are offered a cash rebate.
b. The government rebates a part of our own and your employer’s National Insurance contributors into the plan.

Refund –is a noun and is defined as a sum of money that is paid back to you, especially because you paid too much or because you returned goods to a shop.

a. After returning the merchandise to the shop, the shopkeeper refunded the amount to the customer.
b. If you do not get the delivery of the goods in 5 days then you will get the full refund back in 2 days.

Read the following sentences and fill in the blanks with the right word.

1. Readers were quick to identify deficiencies in my proposed payroll tax __________ .

a. Refund
b. Rebate
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2. A full __________ will be given where you have already paid for the goods.

a. Refund
b. Rebate
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3. Tax __________ services offer a free tax code check.

a. Refund
b. Rebate
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4. No policy will __________ your money if you change your mind about taking a trip.

a. Rebate
b. Refund
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5. City is not responsible for any taxes that may be imposed on your business as a result of receipt of this __________.

a. Refund
b. Rebate
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