Home > Term: Kickback
Kickback
In the context of finance, refers to compensation of dealers by sales finance companies for discounting instalment purchase paper. In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: General Finance
- Company: Bloomberg
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Creator
- Harry8L
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(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
