kickback

noun
kick·​back | \ ˈkik-ˌbak How to pronounce kickback (audio) \

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
kicked back; kicking back; kicks back

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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Synonyms for kickback

Synonyms: Verb

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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 The individuals charged with accepting kickbacks include 13 doctors, five nurses and one social worker from around the Bay Area. Casey Tolan, The Mercury News, "Federal prosecutors charge Bay Area’s largest home health care firm with Medicare kickbacks scheme," 5 Sep. 2019 They are prohibited from funding co-payments for those on Medicaid (which helps the poor) and Medicare (which helps the elderly) by the anti-kickback statute, which prevents private companies from inducing people to use government services. The Economist, "Why America’s biggest charities are owned by pharmaceutical companies," 15 Aug. 2019 Mid Florida alleges that the contract between the two violated Florida’s antitrust laws and the anti-kickback statute. Naseem S. Miller, orlandosentinel.com, "AdventHealth sued for anti-competitive practices in Volusia, Flagler," 6 Aug. 2019 His arrest follows the convictions of several other officials who took millions from union training centers and a recent guilty plea by a former UAW official involved in a kickback scheme. Los Angeles Times, "UAW official charged with embezzling thousands of dollars for cigars, golf gear," 12 Sep. 2019 Corruption in the Dominican Republic caught up with MLB itself in 2013 when three Chicago White Sox scouting officials went to prison for pocketing more than $500,000 in kickbacks from the signing bonuses of young prospects from 2005 to 2008. Bob Hohler, BostonGlobe.com, "Dominican official probing David Ortiz shooting is also on MLB payroll," 24 Aug. 2019 He was said to have received $529,505 in kickbacks and bribes from his accomplices. courant.com, "Welcome to Corrupticut: A look back at the history of corrupt politicians in Connecticut," 25 June 2019 The wealthy Miami Beach businessman operated a network of nursing homes and assisted living facilities in South Florida that jurors found used kickbacks and bribes to gain business. San Diego Union-Tribune, "Florida health care executive faces sentencing in $1B Medicare fraud," 12 Sep. 2019 The probe appeared to widen two weeks ago when a former UAW official was charged with accepting kickbacks from union vendors. Ed White, chicagotribune.com, "FBI searches Detroit-area home of UAW president, apparently as part of corruption probe," 28 Aug. 2019

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

5 Nov 2019

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
How to pronounce kick back (audio)

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 How to pronounce kickback (audio) \

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.

More from Merriam-Webster on kickback

Rhyming Dictionary: Words that rhyme with kickback

Nglish: Translation of kickback for Spanish Speakers

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