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A discount on an advertised item that you request from a seller on eBay; it is often surprisingly easy to "dicker down" the price, just like you would at a yard/garage sale or second-hand store.
If you ask super-politely/humbly and be sure to use one of the generally-accepted reasons for wanting a rebayt --- such as that you're of limited means and/or partially-disabled, that you've observed that the item you're interested in hasn't sold for a long time and thus you may be about the only customer who would currently be interested in it, and/or that you would be using the item to help other low-income/physically-inform folks besides yourself --- it is surprisingly often that the seller will agree to reduce the price for you; it's always worth asking.
reBayt by QuacksO January 5, 2019
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A false promise to reimburse someone cash for buying a product. Originally from the term re-bait which means to lure or trick someone over and over again. In order to make a product seem less expensive, some manufacturers offer a rebate of cash if you buy their product and them follow vague and difficult instructions that involve cutting things out, stapling things together, photocopying, mailing or shipping items and them waiting six months for a check that never comes. If the company really wanted you to save money, they would just have a promotional sale.
See also RIP-OFF, MAIL FRAUD.
I wonder what happened to my rebate?
rebate by robin graves February 21, 2004
Related Words
reBayt rebate rebay regaytionship rebait Rebant Rebanta Rebantle Rebat rebanth
A person who is god at everything in life.
"Dude, he is such a Rebant."

rebate mule 

The person (usually a friend or family member) you have a rebate check sent to when you've already collected on that rebate yourself; often necessary for manufactuer's rebates on liquor, which are limited to one per household.
I already hit this $10 rebate for Canadian Club a month ago, so I'm gonna use Tom as my rebate mule for this new bottle.
rebate mule by Lincoln Damage October 18, 2012
To follow up a masturbation session with another masturbation session.
Saturday night was lonely so I wanked then out of boredom I rebated.
rebate by Phil Heckleson February 16, 2014
(SPANISH) When A person is very High on Marijuana.
Mira Pana yo estoy rebatao ni puedo caminar.
REBATAO by Luis Gonzalez September 7, 2005

Rebastard 

refers to any offsping or offspring offspring of Sarah Palin; This term was introduced after the Palin children became newsworthy in late 2009 when it was deemed both offensive and redundant to call Palin's bastard children retarded.
Track and Bristol went up a hill. Nine months later their rebastard, Tripp, was born.
Rebastard by pubesforpetrolem August 1, 2011