giveback

or give-back

[ giv-bak ]

noun

1. (in union negotiations) a reduction in employee wages or benefits conceded by a union in exchange for other benefits or in recognition of depressed economic conditions:

   Givebacks have not slowed the number of shutdowns.

2. something returned, rebated, etc.:

   Givebacks to dealers have increased car sales.

Word History and Origins

Origin of giveback¹

First recorded in 1975–80; noun use of verb phrase give back

Related Words

• allowance
• compensation
• discount
• kickback
• payment
• rebate
• reimbursement
• repayment
• restitution