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giveback

   Also found in: Financial, Wikipedia 0.04 sec.
give·back  (gvbk)
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.


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This isn't a water giveback -- things are too far gone for that -- but it is a creative diversion of the river that allows it to nurture nature as it rolls south to L.
Unions in any industry are loath to contemplate givebacks.
for $280 million in annual givebacks violates US bankruptcy law and should be blocked.
 
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