A rebate is a type of
sales promotion marketers use primarily as
incentives or
supplements to product sales. The mail-in rebate (MIR) is the most common.A MIR entitles the buyer to mail in a
coupon, a
receipt and
barcode in order to receive a cheque for a particular amount, depending on the particular product, time, and often place of purchase. Rebates are offered by either the retailer or the manufacturer of the particular item. Large stores often work in conjunction with manufacturers, often requiring two or even three separate rebates for each item. Manufacturer rebates are sometimes valid only at a single store. Rebate forms and special receipts are sometimes printed by the
cash register at time of purchase on a separate receipt or available online for download.
See more at Wikipedia.org...