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kickback
(redirected from Kickbacks)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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
A payment or discount that one may receive in exchange for performing certain services. A kickback may be both legal and proper, or it may be a bribe. This depends on the specific nature of the kickback and the rules surrounding different transactions.
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.
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11 (ANI): Trouble for Pakistan President Asif Ali Zardari seems to be expanding with each passing day as he has now been accused of receiving millions of dollars in kickbacks during the purchase of three submarines from France in 1994.
Zardari received millions as kickback in French submarine deal: Report by Asian News International
Canadian National Charged With Foreign Bribery and Paying Kickbacks Under the Oil for Food Program A Canadian citizen has been charged in an indictment unsealed yesterday for his alleged participation in an eight-year conspiracy to defraud the United Nations Oil for Food Program (OFFP) and to bribe Iraqi government officials in connection with the sale of a chemical additive used in the refining of leaded fuel, Assistant Attorney General Lanny A.
Canadian National Charged With Foreign Bribery and Paying Kickbacks ... by Albawaba.com
Scandal is also brewing in France over media reports suggesting the attack could also be tied up with a political finance scam involving kickbacks paid to President Nicolas Sarkozy's one-time mentor, Edouard Balladur.
French calls for parliament probe into Pakistan attack by AFP / AFP South Asian Edition
 
 
 
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