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kickback

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, 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
There was a lot of discontent before - they were coming back covered in kickback and the same with the horses, and there has been a definite improvement from what I can gather.
What the professionals said at the track yesterday by The Racing Post (London, England)
Naaman allegedly negotiated the contracts, including a 10 percent increase in the price to cover the kickback.
Canadian National Charged With Foreign Bribery and Paying Kickbacks ... by Albawaba.com
 
 
 
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