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

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).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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