secret rebate

secret rebate

n. a kick-back of money by a business to a "preferred" customer, not offered to the public, or by a subcontractor to a contractor not shown on a job estimate. Both are illegal in most states as unfair business practices and may result in criminal penalties or refusal of a court to enforce a contract (written or oral) in which there is such a secret rebate. (See: rebate)

Mentioned in ?
References in classic literature ?
This railroad magnate broke his word as a citizen, as a gentleman, and as a Christian, when he granted a secret rebate, and he granted many secret rebates.
S sold printing press equipment in 1996 and issued a secret rebate.
The Hospital and Health Insurance Company must have had a contract with an agreement for the Hospital to accept a lesser price than that charged the policyholder, thereby given a secret rebate or kickback to the Health Insurance Company.
The Hospital must have actually given secret rebates to the Insurance Company.
The judge also set a trial date of April 27, 2009, for AMD to argue that Intel forced major customers into exclusive deals and offered secret rebates to undercut AMD in the market for microprocessors that act as the brains of computers.
BOLLINGBROOK, Illinois, July 14 /PRNewswire/ -- Goss International Corporation filed a request with the US Department of Commerce today asking that the Department take action in response to evidence that Tokyo Kikai Seisakusho ("TKS"), a Japanese producer of large newspaper printing presses ("LNPPs"), used a fraudulent price increase, secret rebates, and a cover-up to conceal TKS's illegal dumping of LNPPs on the US market, corrupt government processes, and violate United States law.