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giveback

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noun give·back \ˈgiv-ˌbak\

Simple Definition of giveback

  • business : a previous gain (such as increased wages or benefits) that is given back to a company by workers as part of an agreement

Source: Merriam-Webster's Learner's Dictionary

Full Definition of giveback

  1. :  a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract)

Examples of giveback in a sentence

  1. The union had to agree to certain givebacks in order to save the jobs of all its members.



1978

First Known Use of giveback

1978


Law Dictionary

giveback

play
noun give·back \ˈgiv-ˌbak\

Legal Definition of giveback

  1. :  a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract)




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