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kickback |
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Kickback In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper. In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm. kickback An illegal fee or rebate paid to someone in order to gain that person's decision or recommendation for the award of business. Under the Real Estate Settlement and Procedure Act (RESPA), federal law prohibits kickbacks to real estate agents from mortgage companies. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Wheat exporter AWB can claim $290 million in kickbacks to Saddam Hussein's regime as a tax reduction, reports the Australian Broadcasting Corporation. SANTA CLARITA -- Federal authorities are probing whistle-blowers' claims that a food buyer for Oregon's Department of Corrections took at least $475,000 in bribes and kickbacks from a Santa Clarita food wholesaler, according to court documents filed in U. paid kickbacks to the regime of Saddam Hussein to garner wheat sales called for indictments of 11 former AWB officials. |
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