This is the arrangement whereby a cash sum of money is repaid to the borrower at the start of the mortgage. The amount of the cash back will vary considerably from lender to lender with the highest amounts being paid where the borrower is willing to forgo any fixed or discounted rate offers and pay the normal variable mortgage rate. Cash back deals are also available in conjunction with some fixed or discounted rates but the amount of the cash back will normally be reduced in these circumstances. If a large cash back is being considered then it could, in some circumstances, be liable to Capital Gains Tax (refer to the lender, your accountant or local tax office for clarification ). The lender will normally impose early redemption penalties if the mortgage is redeemed within the first few years (see Redemption Penalties).
A cash refund incentive offered by mortgage lenders to attract new borrowers, calculated as a small percentage of the mortgage advance.
This refers to the amount of the rebate given back by the casino's comp system. It's normally a (very small) percentage of the wager.
A cash reward paid for using the card. Issuers pay back a percentage of the amount spent on the card either at the end of the month or at the end of the year.
Lenders reward for taking finance product.
An amount of money paid by the credit card company into your account based on your purchases and possibly other transactions. In affect giving some of the money you have spent back to you.
Under the PEBB cafeteria plan, Cash Back is the sum returned to an employee who chooses insurance coverage that costs less than the employer contribution and administrative costs. Cash Back is calculated by a standard formula for all plans.
An amount of money paid to a borrower by the lender it is often an incentive used by the lender and is usually paid on commencement of the mortgage to help towards fees and other costs.
A mortgage that provides a borrower with an immediate lump sum payout on top of the sum borrowed to buy the property. This has to be paid for one way or the other, so cash back mortgages will typically be at a higher rate than other mortgages and will usually have redemption penalties for several years
a sum of money paid to the borrower by the lender on completion of a mortgage
A specific sum of money that a manufacturer (or dealer or dealer association) offers as an incentive to the purchaser. Usually the incentive is taxable, therefore be sure to apply tax to the gross amount.
With these schemes once a mortgage is completed a lender will pay a percentage of the mortgage as a lump sum to the borrower. The higher the percentage of cash paid the greater the amount of strings attached. These may be reflected in higher redemption penalties if the mortgage is redeemed in the early years and/or reflected in a less favourable rate of interest on the mortgage. It should be noted that if the cash back is large then this could result in a capital gains tax liability for the borrower.
Sallie Mae Cash Back SM is a repayment benefit that allows Stafford borrowers to get a 3.3% credit or check when they make their initial 33 scheduled payments on time and automate their education loan account through Sallie Mae.
Cash back returns a percentage of the total amount spent on your credit card over a specific period of time, usually monthly or every three months. This is particularly useful if you always pay your credit card bills in full each month because it means you are basically getting a discount on all your purchases
Term used to refer to a reward scheme where you are offered a financial rebate as an incentive for transactions using the credit card.
This is the arrangement whereby a cash sum of money is repaid to the borrower at the start of the mortgage. The amount of the cash back will vary considerably from lender to lender with the highest amounts being paid where the borrower is willing to forgo any fixed or discounted rate offers and pay the normal variable mortgage rate. Cash back deals are also available in conjunction with some fixed or discounted rates but the amount of the cash back deal will normally be reduced in these circumstances. The lender will normally impose early redemption penalties if the mortgage is redeemed within the first few years (see Redemption Penalties). Sometimes the cash back money can be used to fund the deposit or be used for immediate home improvements.
A number of lenders are now offering an incentive in the form of a lump sum once the mortgage has been taken out. This is normally repayable to the lender if you redeem part or all of the mortgage earlier than the agreed date.
Cash back returns to you a percentage of the total amount spent on your credit card over a specific period of time, usually monthly or quarterly. This feature is particularly useful if you normally pay your credit card bills in full each month, as it means you get an effective discount on the products bought with your credit card.
The 'bribe' paid to the borrower by the lender for taking out a mortgage
Cash back is where the credit card company give you a percentage of of your transaction as cash or credit back at the end of a period of time ( usually 1 year ).
A percentage of the total expenditure on a credit card that is allotted back to the cardholder after a certain amount of time. For more information about Cash Back Cards, click here (insert link to Rewards Card section in “Credit Card Basicsâ€).
The ‘Cash Backâ€(tm) in a cash back mortgage is offered as an incentive by the lender. The cash back can be expressed as either a set amount or as a percentage of the mortgage loan, and is usually paid to the borrower on completion of the mortgage. Payments made as cash backs can be treated as gifts and potentially be subject to capital gains tax.
Cash back is a financial reward for using a companies product. The cash back given by a lender for taking on a finance product relies on the capital amount and the type of product taken. For example cash back on a mortgage could be used to help pay for the deposit or for improvements to the property. This makes it a good marketing gimmick for the company, as they are seen to be offering their consumer a good deal. Although in reality the customer will eventually pay back the reward they were given with their repayments as cash back is usually added to the total borrowed.
A type of incentive rebate in which the manufacturer sends money to the customer after purchasing a vehicle.
This term refers to the option of receiving cash off of your credit card, similar to a debt card. Not all cards give this option.
A rebate to a player for being a member of the slots club.
The 'reward' paid by the lender for taking out a mortgage, usually a percentage of the loan.
A type of mortgage product where the borrower receives a lump sum cash payment as an incentive to borrow. Normally used as a way of attracting new customers.
