1. (v. t.) To beat to obtuseness; to deprive of keenness; to blunt; to turn back the point of, as a lance used for exercise.

2. (v. t.) To deduct from; to make a discount from, as interest due, or customs duties.

3. (v. i.) To abate; to withdraw.

4. (n.) Diminution.

5. (n.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties.

6. (n.) A rectangular longitudinal recess or groove, cut in the corner or edge of any body; a rabbet. See Rabbet.

7. (n.) A piece of wood hafted into a long stick, and serving to beat out mortar.

8. (n.) An iron tool sharpened something like a chisel, and used for dressing and polishing wood.

9. (n.) A kind of hard freestone used in making pavements.

10. (v. t.) To cut a rebate in. See Rabbet, v.

abate abatement agio allow allowance bank discount bate breakage bribe cash discount chain discount charge off charge-off commission concession cut deduct deduction depreciate depreciation diminish discount drain drawback graft kick back kickback make allowance mark down payola penalty penalty clause percentage premium price reduction price-cut rake-off rebatement reduce reduction refund repay repayment rollback salvage setoff subtraction take a premium take off taper off tare time discount trade discount tret underselling write off write-off