Difference between revisions of "Kickback"
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(Created page with "A '''kickback''' is a form of bribery or extortion where a certain portion of the proceeds of a contract or grant is "kicked back''to the person awarding the contract...") |
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| − | A '''kickback''' is a form of [[bribery]] or [[extortion]] where a certain portion of the proceeds of a contract or grant is "kicked back | + | A '''kickback''' is a form of [[bribery]] or [[extortion]] where a certain portion of the proceeds of a contract or grant is "kicked back" to the person awarding the contract or grant. For example, when a member of Congress votes for unnecessary or wasteful defense spending, and the defense contractor then kickbacks funds from a portion of the contract in the form of campaign donations to the member of Congress. |
| − | [[ | + | [[Category:Crimes]] |
| + | [[Category:Political Terms]] | ||
| + | [[Category:Government]] | ||
| + | [[Category:Finance]] | ||
| + | [[Category:Economics]] | ||
| + | [[Category:Corruption]] | ||
| + | [[Category:Deceit]] | ||
Latest revision as of 07:45, July 29, 2022
A kickback is a form of bribery or extortion where a certain portion of the proceeds of a contract or grant is "kicked back" to the person awarding the contract or grant. For example, when a member of Congress votes for unnecessary or wasteful defense spending, and the defense contractor then kickbacks funds from a portion of the contract in the form of campaign donations to the member of Congress.