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Kickback
(redirected from Kickbacks)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.02 sec.
Kickback
A slang term used to describe the payment of something of value to another individual with the goal of persuading or influencing their decision or performance in certain situations.

Notes:
A kickback may be in the form of cash or favors, and can be legal or illegal. A common form of kickbacks, in the context of investing, are commission rebates for investors who trade frequently.

See also: Commission

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.

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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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