rebate - (1) generally, the return of a portion, or the entirety, of the purchase price or agreed value of a thing purchased or service rendered; (2) illegal kickbacks between real estate service providers. See alsoReal Estate Settlement Procedures Act. (3) a component of pricing in a mortgage loan. Mortgage brokers may use rebates from lending institutions to lower the rate or points charged to a borrower.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.