Outrageously Funny Word Dictionary :: Rebating

👉 Rebating is a financial strategy in which a borrower pays back an amount of money at regular intervals, typically monthly or annually. The purpose of this strategy is to reduce the interest on your loan over time and make it more manageable for you. It involves paying off part of your loan each month or annually, often with a fixed interest rate that varies based on how much you pay in total. This helps you understand the amount of money you are actually borrowing and can help you manage your finances better

rebating