Cashbacks

Part of speech: noun

Definitions

1. A refund or reward received after making a purchase, typically as a percentage of the transaction amount
2. A promotional incentive offered by retailers or credit card companies that provides a monetary return to consumers
3. An arrangement where a portion of money spent on goods or services is returned to the buyer as a bonus or rebate

Etymology: "Cashbacks" is simply the plural of "cashback," a noun formed from the common English words "cash" and "back." The compound describes a sum of money returned to a buyer after a purchase, and the plural adds an "s" in the usual way for countable nouns. "Cash" comes from Old French "casse," a box or case used to hold money, which passed into English in the sense of ready money. "Back" is an ordinary Old English word meaning the rear of the body or a return to a former place. Put together, the two describe money coming back to the purchaser, a reversal of the usual flow from buyer to seller.

Synonyms: rebates, refunds, returns, discounts, incentives

Antonyms: charges, fees, penalties, fines, debts