- A kickback of money, particularly by a subcontractor to a general contractor, that is not shown on a job estimate. This is illegal in most states and could lead to a contract being judged invalid or to criminal penalties.
Business law dictionary. 2015.
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secret rebate — A kickback of money by a business to a preferred customer, not offered to the public, or by a subcontractor to a contractor, but not shown on a job estimate. Both practices are illegal in most states as unfair business practices and may result in … Law dictionary
rebate — re·bate / rē ˌbāt/ n: a refund or deduction of part of a payment, price, or charge re·bate / rē ˌbāt, ri bāt/ vb Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
rebate — Money that is returned to a buyer because he or she has paid too much, or because of a discount. A secret rebate given by a subcontractor to a general contractor in return for getting a job is illegal because it cheats the person hiring the… … Business law dictionary
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