giveback


Also found in: Financial.
Related to giveback: grievance procedure

give·back

 (gĭv′băk′)
n.
1. A concession made by a labor union during contract negotiations: "The contract ... which called for a giveback of five sick days, was defeated by a ratio of more than 2 to 1" (New York Times).
2. Something that is rebated or returned: a tax giveback.

giveback

(ˈɡɪvˌbæk)
n
(Commerce) commerce US a reduction in wages in return for some other benefit, in time of recession

give′back`

or give′-back`,



n.
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.
2. something returned, rebated, etc.
[1975–80]
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References in periodicals archive ?
In addition, Spectra Energy will grant a three-year, $4 million per calendar quarter giveback of distributions on its incentive distribution rights (IDRs), beginning with distributions payable in the first quarter 2016.
FITCHBURG -- Workers' Credit Union's Charitable GiveBack Fund has made a $15,000 contribution to the YMCA of Central Massachusetts.
We are pleased that 2014 is able to end on such a high note and that we are again able to surpass the previous year's historic Member Giveback Rebate and Reward rates.
However, if at this point the two parties receive the same size of cake, the task is over, if not, then the giveback process starts.
Now, less than three years after that trip, Andrews, with help from his wife, Tricia, has launched Giveback Homes, a national network of real estate agents and mortgage brokers who give away a portion of their commissions to help build homes for people in need.
In response to two suggested giveback amounts, 78% of Americans favor Congress members returning 5% of their pay, and 79% favor Congress returning 25%.
From the givebacks that I got here, without having anything, that was my giveback.
Although the art auction is over this year, there is always an opportunity to donate to the organization, such as getting a Lawrence GiveBack card.
Your proposal would have resulted in a league-wide giveback by the players of 576M in 2011 increasing to 1.
By supporting MSF again through 'The Great Giveback,' Elsevier is working towards fulfilling its global healthcare mission of building insights and breaking boundaries while making a positive impact to the healthcare community.
They're apparently working out "cost-cutting" measures with the unions - essentially some sort of giveback impressive enough to be a palatable alternative.
They would soon be joined by other public service employees facing giveback demands from the governor.