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

Example Sentences

Proceeds from the new recording of “Home Sweet Home” benefit Covenant House, the nonprofit with which the band has partnered for nearly 20 years through its Mötley Crüe Giveback Initiative.

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NASA’s giveback was worth nearly $76 billion in economic impact in 2023, supporting more than 300,000 jobs.

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The city would need to negotiate any giveback, which would likely require concessions on its end.

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By contrast, the Fowler Museum uncovered the items’ illicit history on its own and initiated the giveback.

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“None other than Meghan, the Duchess of Sussex, had started drinking our lattes. Not only did she love the product, but she was extremely passionate about supporting female founders, our sustainable sourcing and our food justice giveback.”

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Related Words

• allowance 
• compensation 
• discount 
• kickback 
• payment 
• rebate 
• reimbursement 
• repayment www.thesaurus.com
• restitution