Definition of giveback
: a previous gain (such as an increase in wages or benefits) given back to management by workers (as in a labor contract)
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Examples of giveback in a Sentence
The union had to agree to certain givebacks in order to save the jobs of all its members.
Recent Examples of giveback from the Web
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The givebacks are crucial to balancing the two-year, $40 billion state budget, which still has not been approved by the legislature.
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Durant’s giveback was essentially pure generosity, aiding Golden State’s ownership in its efforts to retain Iguodala and Livingston while also splurging on Young.
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Late Tuesday, lawmakers unveiled the budget bills for education, which makes up 40 percent of the state’s spending, and tax cuts, which will amount to $650 million in additional givebacks to Minnesotans.
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Bronin has asked for another $4 million in givebacks next year, even though the city hasn't reached its $15.5 million target this year.
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The mayor had been counting on $15.5 million in union givebacks this year, but has only gotten about $1.5 million through a new contract with the firefighters union that made sweeping changes to the pension and health care plans.
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Budget writers keep finding ways to avoid the givebacks regardless.)
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But labor had entered into an age of givebacks and concessions.
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Ms. Regan shares her advice on planning the ideal giveback getaway:
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'giveback.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of giveback
1978
GIVEBACK Defined for English Language Learners
giveback
playDefinition of giveback for English Language Learners
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business : a previous gain (such as increased wages or benefits) that is given back to a company by workers as part of an agreement
Law Dictionary
giveback
playLegal Definition of giveback
: 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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