Rebate

re-bat'', v. t. 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. by — Rebate", -batelnent, n. Diminution. (Com.) Deduction of interest, or any sum, etc., on account of a. prompt payment; abatement. n.