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of <h1>Rebate means discount returned after full payment while concession involves pre-arranged allowances from authorities</h1> Legal dictionaries define 'rebate' as a discount or deduction from a stipulated payment returned to the payer after full payment, often for prompt payment or other considerations. The Kerala High Court characterized rebate as relinquishing part of liability to persuade specific conduct. 'Concession' means yielding to demands or granting something, typically involving public authority grants to private parties for utilizing lands or industries. Both terms share similar commercial concepts, representing forms of payment reductions or grants, though rebates typically involve post-payment returns while concessions involve pre-arranged allowances or grants from authorities.
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