The period of time immediately after a relationship between a couple is terminated, during which either of the people in the former couple begins a new relationship with someone else.
Bobby : Hey man, did you hear? Anne broke up with Jeremy?

Jim : Yeah, I know. But I hear that Cathy's already on his case .. she asked him to help her go shopping for frozen sushi balls last night.

Bobby : Cool! Looks like she's trying to catch him on the rebound!
von zxulo 18. November 2006
A second hand slap done immediately after a high five to increase the importance of the gesture.
Guy 1: Hi Five!
(Slap)
Guy 2: And on the rebound!
(Slap)
von AfroButler 9. November 2006

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