Blanket Additional Insured Endorsement. An insurance policy endorsement that automatically provides coverage ... Insurance that protects a company and/or business owner in the ... Additional insurance coverage that is automatically included ... Any type of insurance policy that protects an individual or business ...
What is a 'Rebate' A rebate is the portion of interest or dividends earned by the owner (lender) of securities that are paid to a short seller (borrower) of the securities. The borrower is required to pay the interest or dividends to the owner.
Basic Accounting. Generally accepted accounting principles state that rebates are a reduction in sales, not a selling expense. Therefore, companies must account rebates when selling goods. For example, say a company sells widgets for $5 each, and a planned 20 percent rebate is coming to induce higher sales.