# Refund (kick-back, also kick back and kickback)

- Canonical URL: https://www.gerhardmerk.de/refund-kick-back-also-kick-back-and-kickback
- Post ID: 587998
- Modified: 2023-07-25T21:14:33+00:00
- Language: en

## Definition

Any crediting of a part of the contractually paid amount of money in favor of the depositor. - Payment of a premium or granting of special benefits for bringing in a new customer (payment made in return for a referral which leads to a transaction or contract). - The assignment of a certain percentage of the monthly salary to a person who has brought the payer into the professional position in question (a percentage of income, given to a person in a position of power or influence, as recompense for having made the income possible). Commonly used as annuities in the ancient church, today corresponding agreements are considered immoral. - Payment to - a member of parliament or - a public official up to the local level for secretly supporting a particular cause (money paid to an official for secretly supporting an organization, individual, or initiative) and thus a bribe. Such behavior, however, is completely unknown in Germany. - Sometimes also said for restitution, namely the transfer of overpaid taxes by the tax office [CH: Steueramt]. - See Abtrag, recognition bonus, bonification. Bonus, douceur, money, soft, money payment gesture, gratuist, hand money, glove money, investment, personal, chargeback, transaction bonus, asset manager. - Cf. BaFin Annual Report 2008, p. 218 (supreme court ruling regarding hidden kick-backs at banks). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1