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.
1978
First Known Use of giveback
1978
GIVEBACK Defined for English Language Learners
giveback
play
noun
Definition 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
play
noun
give·back
\ˈgiv-ˌbak\
Legal 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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