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giveback

[giv-bak] /ˈgɪvˌbæk/
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
1975-1980
1975-80; noun use of verb phrase give back
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Slang definitions & phrases for giveback

giveback

noun

Something previously granted, esp in a labor contract, that must now be forfeited: The new contract has no raises and several givebacks, especially in health-care benefits (1990s+)


The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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