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.
E-mail address: info@ekrah.com
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Zitieren

Merk, G. (Hrsg.): „Refund (kick-back, also kick back and kickback)“. In: Finanz- und Wirtschaftslexikon. https://www.gerhardmerk.de/refund-kick-back-also-kick-back-and-kickback/ (Stand: 25.07.2023).

Die von Universitätsprofessor Dr. Gerhard Merk begründete Sammlung wird seit Herbst 2014 von Professor Dr. Dr. h.c. Eckehard Krah redaktionell fortgeführt und um neue Begriffe ergänzt. Sollten Sie Fehler entdecken oder sonstige Hinweise haben, schreiben Sie an: info@ekrah.com

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