kickback

Vocabulary Word

Definition

'Kickback' is a term that refers to a payment returned to someone as a reward for facilitating a business deal or political favor, usually secretly and often viewed as corrupt.

Examples in Different Contexts

For charitable organizations, 'kickbacks' can erode donor trust. An NGO director might state, 'Our financial dealings are audited annually to ensure no kickbacks or mismanagement of funds.'

Practice Scenarios

Business

Scenario:

Our financial transactions must always be transparent and maintain the highest degree of integrity. Any deviation from our ethics policy is unacceptable.

Response:

The budget irregularities pointed out by internal auditors seem to suggest possible kickbacks. We should investigate further.

Tech

Scenario:

Every review our products receive should be based solely on the merit of the product itself. Our reputation depends on fairness and honesty.

Response:

Emails have surfaced suggesting our product manager might have received a kickback for promoting one vendor over others. We need to address this immediately.