kickback

noun
kick·back | \ˈkik-ˌbak \

Definition of kickback 

(Entry 1 of 2)

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

kick back

verb

Definition of kick back (Entry 2 of 2)

intransitive verb

: to assume a relaxed position or attitude also : to spend time relaxing : take it easy spent the weekend just kicking back

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Examples of kickback in a Sentence

Noun

Several company executives were accused of accepting kickbacks.

Verb

I plan to spend the day kicking back and watching television. a good resort for people who want to kick back and watch others exercise strenuously
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Recent Examples on the Web: Noun

And as a result of the scheme, Tanner received about $10 million in kickbacks and helped Davenport reap more than $40 million, with millions of dollars more in potential milestone payments. Ed Silverman, STAT, "Former Valeant executive is found guilty in kickback scheme," 22 May 2018 Eimiller said federal agents assigned to the task force worked separately on several other investigations, including the case against a hospital operator convicted of paying doctors millions of dollars in kickbacks for patient referrals. Richard Winton, latimes.com, "O.C. anti-corruption task force collapsed amid infighting between federal and local investigators," 21 Apr. 2018 Many of its leaders have moved from penthouses to prisons following indictments by the U.S. Department of Justice that detailed kickbacks to be as much a part of soccer as free kicks. Ronald Blum, Fox News, "Germany looks to become 1st repeat Cup champ in half-century," 12 June 2018 Byrd-Bennett would later be convicted of wire fraud for steering contracts to SUPES Academy in exchange for a promise of $2.3 million in kickbacks. Liz Bowie, baltimoresun.com, "Former Baltimore County schools Superintendent Dallas Dance asks for probation instead of jail time," 18 Apr. 2018 In exchange for those referrals, insurers bought reinsurance, a sort of insurance for insurers, from PHH’s subsidiaries, and PHH took those fees as kickbacks. Emily Stewart, Vox, "Consumer advocacy groups are extremely worried about Brett Kavanaugh," 11 July 2018 The money came from overcharges and kickbacks from a variety of high-volume vendors for American Senior Communities. Mark Alesia, Indianapolis Star, "Man who reaped $800,000 in nursing home fraud is sentenced," 10 July 2018 Among those arrested: two GEICO insurance adjusters, Juan Carlos Diaz and Cesar Santiago Tapanes, that prosecutors say got cash kickbacks for helping defraud their own company. David Ovalle, miamiherald, "One Lexus, 10 crashes, none real. Rogue adjusters in Miami scammed GEICO, police say," 10 July 2018 In April, a federal grand jury in Tennessee indicted Davis on criminal kickback charges. Fred Schulte, Washington Post, "Tennessee-Based Pain Management Group To Close Clinics Amid Financial Turmoil," 9 July 2018

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.

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First Known Use of kickback

Noun

1920, in the meaning defined at sense 2

Verb

1972, in the meaning defined above

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Statistics for kickback

Last Updated

8 Oct 2018

Look-up Popularity

Time Traveler for kickback

The first known use of kickback was in 1920

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More Definitions for kickback

kickback

noun

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.

Source: Investing Answers

kickback

noun

English Language Learners Definition of kickback

: an amount of money that is given to someone in return for providing help in a secret and dishonest business deal

kickback

noun
kick·back | \ˈkik-ˌbak \

Legal Definition of kickback 

: a payment (as of money or property) made to one in a position to open up or control a source of income for the payor convicted of receiving kickbacks for referrals — compare bribe, payoff

Note: 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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