Secret Rebate Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Secret Rebate, written in plain English, along with examples of how it is used.

What is Secret Rebate?

(n) A secrete rebate is the undisclosed discount allowed to any customer which was not generally applied as a business practice or it was not a published discount. Secret rebates are generally given unaccounted and resorted as an unfair business practice