rebatement in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Rebatement refers to a reduction or refund of a payment, typically in the context of taxes or fees, aimed at providing financial relief to specific groups.
Sample Sentences
- The committee discussed the possibility of a rebatement for low-income families facing financial hardship.
- After reviewing the application, the board approved a rebatement on the property taxes for the elderly residents.
- The city announced a rebatement initiative aimed at encouraging local businesses to invest in renewable energy.
- Residents were thrilled to receive a notice about the rebatement that would reduce their utility bills for the summer months.
- To stimulate economic growth, the government proposed a temporary rebatement for new startups in the technology sector.