cashback noun definition in Cost and payment topic from the Oxford Advanced Learner's Dictionary

cashback

 noun: Cost and payment topic
[uncountable] if you ask for cashback when you are paying for goods in a shop/store with a debit card (= a plastic card that takes money directly from your bank account), you get a sum of money in cash, that is added to your bill Would you like cashback? Customers are allowed up to £30 cashback on each purchase.

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Retail