from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A cutback in employee wages or benefits conceded by a labor union in acknowledgment of unfavorable economic conditions or in exchange for other benefits.
- n. Something that is rebated or returned.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A rebate.
- n. A reduction in pay or conditions as a result of unfavourable economic conditions.
Sorry, no etymologies found.
The $80 billion "giveback" deal is a drop in the ocean for drug companies.
Rookie wage cap, blood testing, benefit cuts, a nearly 20 percent "giveback" and a work stoppage were prominent in a recent communication that NFL Players Association executive director DeMaurice Smith sent to player representatives in describing a bleak labor negotiation picture.
This is the second year for the "giveback" performances, which recognize community support of the home.
But do so, mind you, without interfering with anyone's shot at achieving the "Who Wants To Be A Millionaire" version of The American Dream; while still allowing people and companies who are already rich to keep getting richer and richer; but while also asking that in exchange for all the top-tier salaries, profits, dividends, and interest income they take out of our economy, there be a mandatory, no-loopholes-allowed "giveback" requirement -- in the form of high taxes that may sting a bit, but which will allow them to remain quite rich -- while helping reduce the deficit without taking a heavy toll on the poor and the middle class
Management is requesting some kind of giveback or pay modification, and unions are resisting, "he said.
"It's a little bit of giveback after last week's big rally," said Tom Bentz , the director of BNP Paribas Prime Brokerage Inc.
Perhaps it's a website programming error, or perhaps it's a customer giveback for the 3 million USD sales thanks to Twitter not long ago.
It's another thing to get a massive giveback with NBA players ready to go from 57 percent to 51 percent of basketball-related income, then go to war for the last 1 percent.
Jim Quinn , a lead negotiator for the union, said the owners' proposal would have rolled back player pay to 2007 levels and amounted to a giveback of up to $8 billion over the course of the proposed 10-year deal.
Instead of asking the fortunate few, why doesn't Ted asked the gifted masses of state employees to do a little giveback?
Wordnik is becoming a not-for-profit! Read our announcement here.