Is “Cashback” a Scrabble word?

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Yes
CASHBACK
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Invalid
Large English Dictionary
General English word list
Unavailable

Meaning of Cashback

noun
  1. 1.The retail facility whereby a customer may withdraw an amount of cash when making a purchase with a credit card or debit card, the amount being added to the bill.