Definition Of Kickbacks History

948 enacted june 13 1934 codified at 18 u s c.

Definition of kickbacks history. A kickback is a sum of money that is paid to someone illegally for example money which a. See kick v back adv. Labor law and act of congress that supplemented the davis bacon act of 1931 1 it prohibits a federal building contractor or subcontractor from inducing an employee into giving up any part of the compensation that. Under federal law kickbacks involving government officials or funds provided by the government are illegal.

How to use kickback in a sentence. If a kickback does not specifically violate federal or state laws and such kickbacks are made to clients throughout the industry the kickback may be normal legal and even tax deductible. The seller s return of part of the purchase price of an item to a buyer or buyer s representative for the purpose of inducing a purchase or improperly influencing future purchases. 874 is a u s.

Meaning pronunciation translations and examples you can get a certain insight into human nature from analysing the words that people look up in. Dch workers who are employed by a vendor such as consultants independent contractors and temporary staffing agency workers may receive payment from the vendor associated with the work performed on a dch assignment. A kickback is the payment of something of value to a recipient as compensation or reward for providing favorable treatment to another party. Though many types of kickbacks are prohibited under federal and state law kickbacks are not illegal per se.

Kickback n also kick back mechanical reaction in an engine from 1905 in various mechanical senses from the verbal phrase 1895. Verb i plan to spend the day kicking back and watching television. Usually considered improper or. Kickbacks between a contractor and a.

By 1926 the verbal phrase was being used in a slang sense of be forced to return pelf pay back to. Kickback definition is a return of a part of a sum received often because of confidential agreement or coercion. A kickback is a form of negotiated bribery in which a commission is paid to the bribe taker in exchange for services rendered. Kickback definition a percentage of income given to a person in a position of power or influence as payment for having made the income possible.

Noun several company executives were accused of accepting kickbacks. Generally speaking the remuneration money goods or services handed over is negotiated ahead of time.