Definition of kickback
1 : a return of a part of a sum received often because of confidential agreement or coercion every city contract had been let with a ten percent kickback to city officials — D. K. Shipler
2 : a sharp violent reaction
Examples of kickback in a Sentence
Several company executives were accused of accepting kickbacks.
Recent Examples of kickback from the Web
A former vice-governor of the region has been charged with taking a $351,000 kickback to award the stadium’s lighting contract.
In exchange, the two defendants are accused of paying kickbacks to patients, including gift cards, free airline travel, trips to casinos and strip clubs, along with drugs, the complaint said.
Whoever owns the last control marker placed on each section is awarded kickbacks when henchmen shake down businesses in their area.
Liakos is accused of arranging to get more than $33,000 in kickbacks, as well as repairs at her house, in exchange for giving builders contracts on city projects at inflated prices, police said.
Scudder recently represented former Chicago Public Schools CEO Barbara Byrd-Bennett, who was sentenced in April to 4 1/2 years in prison in a massive contract kickback scheme.
A trailing Luke Maye buried an 18-foot jumper off a kickback pass from Theo Pinson with 0.3 seconds left in the game to give the No.
Torneos paid more than $25 million in bribes and kickbacks as part of a multiyear effort to obtain media and marketing rights, prosecutors said.
The attorney general is considering pressing charges against him for allegedly receiving bribes, the audio recording and for trying to obstruct a colossal investigation into billions of dollars in inflated contracts and kickbacks to politicians.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'kickback.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of kickback
Financial Definition of KICKBACK
What It Is
A kickback is a method of bribery in which something of value is exchanged for a favorable decision.
How It Works
A kickback can take many forms, all of which are illegal. For example, a building contractor might give a portion of what he or she is paid to a government official who approved the building plans for the project. Or, a biomedical company might offer training, travel, or other benefits to doctors who recommend theev product to patients. Another example would be a financial institution that provides cash or bonuses to mortgage brokers who convince borrowers to select their services over another provider.
Why It Matters
There are a number of specific laws prohibiting kickbacks. For example, a payment to a US government official may trigger a fine of three times of value of the kickback and a prison sentence of up to 15 years. Bank kickbacks are prohibited under the Bank Bribery Amendments Act of 1985, which, in addition to the monetary fine, can also imprison offenders for up to 30 years. The Anti-Kickback Act of 1986 specifically prohibits government contractors from kickback schemes, and subjects violators to both civic and criminal charges.
Companies should steer clear of giving any special direct or indirect favors or making payments including finder's fees, gifts, and special payments to family or friends of a banker or government official. Such actions may be perceived as kickbacks and subject to penalties/punishment.
KICKBACK Defined for English Language Learners
Definition of kickback for English Language Learners
: an amount of money that is given to someone in return for providing help in a secret and dishonest business deal
Additional Notes on kickback
A kickback is specifically a payment for income received or to be received. The word is usually not restricted to a return of funds.
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