NettetKickback. The seller's return of part of the purchase price of an item to a buyer or buyer's representative for the purpose of inducing a purchase or improperly … NettetKickbacks synonyms, Kickbacks pronunciation, Kickbacks translation, English dictionary definition of Kickbacks. n. 1. A sharp reaction; a repercussion. 2. Slang A return of a percentage of a sum of money already received, typically as a result of pressure, coercion ... Legal Dictionary; Financial Dictionary; Acronyms. Idioms; Encyclopedia ...
Kickback (bribery) - Wikipedia
Nettet19. feb. 2024 · The combined kickbacks amounted to almost a million dollars. 2. Medical Kickback Fraud. Everyone who reads the news knows that federal health care fraud is an epidemic in the U.S. Kickbacks are certainly part of it, but the types of kickback activity are different than the ones found in government contract or procurement fraud. NettetA payment or discount that one may receive in exchange for performing certain services.A kickback may be both legal and proper, or it may be a bribe.This depends on the specific nature of the kickback and the rules surrounding different transactions. market coats
Kickbacks and Fraud in Our Health Care System - HG.org
NettetThe Anti-Kickback law contains five exceptions enacted by Congress. The OIG has taken the position that it has the legal authority to define and limit these statutory exceptions, but this proposition was rejected by the only court which has addressed the issue so far.19 The statutory exceptions include: 1. Discounts or other reductions in price; NettetRED FLAGS OF BRIBES AND KICKBACKS. The “SPQQD” factors: Improper Selection of a contractor, e.g., through the use of bid rigging measures; The payment of unreasonably high Prices to a contractor; Purchase of an excess Quantity of goods, works or services from a contractor; Acceptance of low Quality goods, works or services from a contractor NettetDefinition of kickback noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. navarre intermediate school navarre fl