A secret, and usually illegal, payment, by a recipient of money paid for goods or services, to a facilitator of the transaction, of a portion of that money;
any portion of a gain made by the seller in a commercial transaction which is returned surreptitiously and illegally to a person (such as a purchasing agent) who authorized or recommended the purchase. It is generally considered a form of bribe.
An illegal, secret payment made in return for a referral which resulted in a transaction or contract.
A payment to a third party in return for the referral of a client, customer or business.
a commercial bribe paid by a seller to a purchasing agent in order to induce the agent to enter into the transaction
a bribe, the 'return' of an undue favour or service rendered, an illegal secret payment made as a return for a favour
an illegal activity under the SEC regulations
an illegal payment made by a person or business to an individual who has performed a dishonest service for the person or business
Payment made to someone for referral of a customer or business. Generally speaking, kickbacks are illegal because, unlike a commission, a kickback is made without the customer's knowledge.
Payment made to someone for referral of a customer or business. Unlike a commission, a kickback is made without the customer's knowledge; thus, the referral could have been made without the customer's best interest at heart.
The illegal payment of a fee or other compensation for the privilege of securing business referrals from a source. (Example: A lender illegally receives $50 per referral sent to the title company).
Return of money in exchange for a referral.
Gratuitous payment made to a person for a referral of business.
An illegal practice whereby a seller makes payments secretly to someone instrumental in awarding him or her a government or private contract.