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

Alright class, settle down now, let’s take a look! Today we’re tackling ‘rebates,’ a word you might see – It pops up with deals, for you and me! The dictionary's right, it’s true, it’s plain to see, “A deduction from an amount” is part of what will be. Think of it like this, a little discount bright, When you buy something new, or just feeling alright! "Abatement," that’s another way to say, It's lessening the cost in your own special way. Like when you pay for groceries, high and bold, But then a rebate comes along, a story to be told! It might be a percentage, or a fixed amount too, A little extra back, just for me and you! So basically, a rebate is a refund, it’s true, A small return of money, shiny and new! Do you have any questions? Let's discuss this with glee – Now who can give an example, for all to see?