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Kickback is a noun that means an illegal payment to someone for their help or work. Learn how to use it in sentences, see synonyms and related words, and find translations in different languages.
- What Is A Kickback?
- How A Kickback Works
- Kickback Warning Signs
- Examples of A Kickback
- The Bottom Line
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A kickback is an illegal payment intended as compensation for preferential treatment or any other type of improper service received. The kickback may be money, a gift, credit, or anything of value. Paying or receiving kickbacks is a corrupt practice that interferes with an employee's or a public official’s ability to make unbiased decisions. Kickba...
Kickbacks can take many forms but they all feature some sort of collusion between two parties. The bookkeeper for a business or government office might approve an invoice for goods knowing that the bill is inflated. The seller of the goods might then pay the bookkeeper part of the difference or some other kind of reward. Kickbacks can also be used ...
These are some common kickback warning signs. They don't necessarily mean that anything nefarious is going on but the more of them there are, the greater the likelihood of a kickback scheme. 1. No competitive bidding process or lower bids are ignored 2. Lack of appropriate supervision during the purchasing process 3. Higher-than-average prices for ...
Wall Street brokers sometimes route all orders to a particular exchange even though they're required by law to execute trades with the exchange that offers the best terms or best executionfor their clients. The broker may take a kickback in exchange for routing all of their trades to a particular exchange rather than choosing one that offers the mo...
It’s illegal to pay or receive a kickback in the U.S. and this rule prevails over a wide range of industries and professions. A kickback is a bid to receive preferential treatment and it doesn’t necessarily have to be transmitted in the form of money. It can be anything of value, such as concert tickets that are impossible to buy on the legal marke...
A kickback is an illegal payment for preferential treatment or improper services. Learn how kickbacks work, their warning signs, and their impact on various industries and professions.
- Will Kenton
- 1 min
A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered. Generally speaking, the remuneration (money, goods, or services handed over) is negotiated ahead of time.
Learn the noun and verb meanings of kickback, a word that can refer to a payment for influence or a relaxed position. See examples, synonyms, word history, and related phrases.
Jul 27, 2021 · SINGAPORE - The Ministry of Manpower (MOM) investigated an average of 960 cases of kickback offences a year between 2016 and 2020, Manpower Minister Tan See Leng told Parliament on Tuesday (July...
Learn the meaning of kickback, a noun that refers to an illegal payment for secret help or work. Find out how to use it in sentences and how to say it in different languages.
It is illegal for employers to demand the following employment-related costs from their foreign employees: Work Pass Application, Issuance, Renewal or Reinstatement Security Bond Levy Payment Medical Insurance Medical Examination Fees CompulsoryTraining Repatriation Costs.
