Share this entry

Share this page

cashback

Line breaks: cash|back
Pronunciation: /ˈkaʃbak
 
/

Definition of cashback in English:

noun

1A form of incentive offered to buyers of certain products whereby they receive a cash refund after making their purchase.
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.
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.

Definition of cashback in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day terpsichorean
Pronunciation: ˌtəːpsɪkəˈriːən
adjective
relating to dancing