Dictionary
Thesaurus
Encyclopedia
Translator
Web
Related Searches

giveback

 - 4 dictionary results

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.
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 giveback
give·back   (gĭv'bāk')   
n.  
  1. A cutback in employee wages or benefits conceded by a labor union in acknowledgment of unfavorable economic conditions or in exchange for other benefits.

  2. Something that is rebated or returned.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
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.
Cite This Source
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.
Cite This Source
Search another word or see giveback on Thesaurus | Reference
FacebookTwitterFollow us: