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give-back

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give⋅back

  [giv-bak]
Use give-back in a Sentence
–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.
Also, give-back.

Origin:
1975–80; n. use of v. phrase give back
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To give-back
Small Acts of Kindness
One act of kindness can inspire an entire community. Read & Share
www.ResponsibilityProject.com
Give back
See How Target Gives Back. Apply for a Target Community Grant Today!
www.Target.com
Financial Dictionary

giveback

The relinquishment by employees of certain existing benefits or contract provisions. For example, many companies engaged in manufacturing have asked for employee givebacks on the premise that lower costs are needed in order for the companies to be more competitive with foreign producers. Givebacks are good news for investors because they result in higher profits or smaller losses for the company obtaining the concessions.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: give·back
Pronunciation: 'giv-"bak
Function: noun
: a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract)
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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