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An instant rebate or sometimes instant savings is a marketing strategy or gimmick in which a product is either advertised at a specific price or at a discounted price where the discount is applied at the time of purchase For example the store may advertise a widget for 9 99 but with a 5 instant rebate the price is 4 99 Or the product may be advertised as 4 99 with a 5 instant rebate
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