Returns part payment on lures, so we hear (7)
I believe the answer is:
rebates
'lures so we hear' is the definition.
I can't judge whether this definition defines the answer.
'returns part payment on' is the wordplay.
'returns part' becomes 's' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'payment' becomes 'rebate' (rebate is a kind of payment).
'on' is a charade indicator (letters next to each other).
's' put after 'rebate' is 'REBATES'.
Can you help me to learn more?
(Other definitions for rebates that I've seen before include "Retrospective discounts" , "enclosure?" , "Monies having to be sent back" , "Refunds of some of the amounts paid" , "Partial refunds, reductions in payments" .)