giveback

or 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.

Word History and Origins

Origin of giveback¹

First recorded in 1975–80; noun use of verb phrase give back

Example Sentences

By contrast, the Fowler Museum uncovered the items’ illicit history on its own and initiated the giveback.

From Los Angeles Times

“None other than Meghan, the Duchess of Sussex, had started drinking our lattes. Not only did she love the product, but she was extremely passionate about supporting female founders, our sustainable sourcing and our food justice giveback.”

From Los Angeles Times

He’s smart enough to know the NHL’s giveback on tape falls short of total victory for communities that just last season benefitted from seeing their colors worn by players on the ice.

From Seattle Times

The giveback, which still needs approval from the full board, would amount to $690 per student and cost the university $7.5 million.

From Washington Post

He has criticized the $850 relief checks - a giveback first suggested by legislative Republicans - in the governor’s latest budget that received bipartisan support as an election year “gimmick.”

From Washington Times

Related Words

• allowance
• compensation
• discount
• kickback
• payment
• rebate
• reimbursement
• repayment
• restitution