giveback
noun Date: 1978 a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract)

New Collegiate Dictionary. 2001.

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  • giveback — give‧back [ˈgɪvbæk] noun [countable] HUMAN RESOURCES something a company or employee does for the benefit of the economy as a whole or their employer, even though it is bad for the company or person themselves. It might take the form of an… …   Financial and business terms

  • giveback — give·back / giv ˌbak/ n: 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. Merriam Webster. 1996 …   Law dictionary

  • giveback — ☆ giveback [giv′bak΄ ] n. a workers benefit or right, previously gained as through labor negotiations, relinquished to management, usually in exchange for a wage increase or some other concession …   English World dictionary

  • giveback — UK [ˈɡɪvˌbæk] / US noun [countable] Word forms giveback : singular giveback plural givebacks American a situation where people who work for a company agree to accept less pay or fewer advantages, in return for better pay or advantages at a later… …   English dictionary

  • giveback — /giv bak /, 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: Givebacks have not slowed the number of shutdowns. 2.… …   Universalium

  • giveback — noun a) A rebate. b) A reduction in pay or conditions as a result of unfavourable economic conditions …   Wiktionary

  • giveback — give|back [ gıv,bæk ] noun count AMERICAN an amount of money someone receives as part of an agreement: wage givebacks worth $2 million …   Usage of the words and phrases in modern English

  • giveback — noun (C) AmE an amount of money or goods that you receive from some companies if you buy a product from them …   Longman dictionary of contemporary English

  • giveback — give′back or give′ back n. 1) cvb (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) cvb something returned, rebated, etc •… …   From formal English to slang

  • giveback — ˈ ̷ ̷ ˌ ̷ ̷ noun ( s) Etymology: give back, verb : a previous gain (as an increase in wages or benefits) given back to management by workers (as in a labor contract) union workers … agreed to givebacks to avoid layoffs Lawrence Ingrassia …   Useful english dictionary

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