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cashback Line breaks: cash|back
Pronunciation: /ˈkaʃbak/

Definition of cashback in English:


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:

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