Rebate

re-batr v. To beat to obtusene , blunt; to make a discount from for prompt payment; to cut a rebate in, rabbet. — n. A groove or channel sunk on the edge of a board or piece of timber; a rabbet. [OF. rebatre, re, again, against, back, and batre, L. batuere, to beat, strike; abate.] —Rebate', -batelnent, n. Diminution. (Com.) Deduction of interest, or any sum, etc., on account of prompt payment; abatement.