Definition of cashback in English:

cashback

Line breaks: cash|back
Pronunciation: /ˈkaʃbak
 
/

noun

  • 1A form of incentive offered to buyers of certain products whereby they receive a cash refund after making their purchase.
    More example sentences
    • With a cashback mortgage, you receive a lump sum upfront, in return for agreeing to be locked in to a particular rate for a pre-set period.
    • As the January sales continue, the dealer is taking early action by offering new car buyers competitive cashback offers.
    • The deals also typically offer incentives, such as cashback and free valuations.
  • 1.1A facility offered by some retailers whereby the customer may withdraw cash when making a debit card purchase.
    More example sentences
    • Use your debit card for purchases or get cashback from a retailer
    • Next February, it will launch the first ever current account that pays cashback on debit card purchases.
    • In some stores customers get 10% cashback, and 20% back at selected others.

More definitions of cashback

Definition of cashback in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw