Coupon & Shopping Glossary

Learn the definitions of common coupon and shopping terms to become a smarter shopper and maximize your savings.

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Terms & Definitions

28 of 28 terms

Affiliate Marketing

Marketing

A marketing arrangement where a retailer pays a commission to an affiliate for each customer brought to the retailer's website through the affiliate's marketing efforts.

BOGO

Promotions

Buy One Get One - a promotion where customers receive a second item free or at a discounted price when purchasing the first item.

Cashback

Rewards

A reward system where customers receive a percentage of their purchase amount back as cash or credit after completing a transaction.

Clearance

Sales

Items that are being sold at reduced prices to make room for new inventory, typically at the end of a season or product lifecycle.

Coupon Code

Coupons

A series of letters, numbers, or symbols that customers enter at checkout to receive a discount on their purchase.

Daily Deal

Sales

A special offer that is available for a limited time, typically 24 hours, with significant discounts on specific products or services.

Expiration Date

Coupons

The date after which a coupon, discount code, or promotional offer is no longer valid and cannot be used.

Flash Sale

Sales

A short-term sale with deep discounts that typically lasts only a few hours and is announced with little advance notice.

Gift Card

Payment

A prepaid card that can be used to purchase goods or services at specific retailers or within a particular network.

Hot Deal

Sales

A highly discounted offer that is particularly attractive and likely to sell out quickly due to its popularity.

Inventory

Retail

The stock of goods that a retailer has available for sale at any given time.

Junk Mail

Marketing

Unsolicited promotional emails or physical mail that consumers receive from retailers and marketers.

Kickback

Marketing

A commission or rebate paid to someone who facilitates a transaction, often used in affiliate marketing.

Loyalty Program

Rewards

A marketing strategy designed to encourage customers to continue shopping with a particular retailer by offering rewards, discounts, or special benefits.

Manufacturer Coupon

Coupons

A coupon issued by the product manufacturer that can be used at any retailer that accepts it, typically offering discounts on specific products.

No-Risk Purchase

Policies

A purchase that comes with a money-back guarantee or free return policy, reducing the customer's financial risk.

Online Shopping

Retail

The process of purchasing goods or services over the internet through a retailer's website or mobile app.

Price Matching

Policies

A policy where a retailer agrees to match a competitor's lower price for the same product, often within a specific time frame.

Quantity Discount

Discounts

A reduction in price offered when customers purchase multiple units of the same product or reach a certain quantity threshold.

Rebate

Rewards

A partial refund of the purchase price of a product, typically requiring the customer to submit proof of purchase and wait for processing.

Stacking

Strategies

The practice of combining multiple coupons, discounts, or promotional offers on a single purchase to maximize savings.

Terms and Conditions

Legal

The legal terms that govern the use of a coupon, discount, or promotional offer, including restrictions and limitations.

Unsubscribe

Marketing

The process of removing oneself from a retailer's email marketing list to stop receiving promotional communications.

Voucher

Payment

A document that can be exchanged for goods or services, often used as an alternative to cash or credit.

Warranty

Policies

A guarantee that a product will perform as expected for a specified period, with repairs or replacements provided if it fails.

X-Out Price

Pricing

A pricing strategy where the original price is crossed out and a new, lower price is displayed to show the savings.

Yield Management

Pricing

A pricing strategy used by retailers to maximize revenue by adjusting prices based on demand, inventory levels, and market conditions.

Zero-Risk Trial

Policies

A trial offer where customers can try a product or service without financial obligation, often with a money-back guarantee.

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