MLchartDataset catalogue

Kickbacks

Term · Law · MLC-T-LAW-002891

A form of bribery where a portion of a payment made to a person or entity is returned to another party in exchange for a favor or preferential treatment. This illicit payment is often disguised as a legitimate business expense or commission. Engaging in kickbacks is illegal and can lead to severe criminal penalties under anti-corruption laws such as the Foreign Corrupt Practices Act.

Table 1. Record
IdentifierMLC-T-LAW-002891
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002891",
  "term": "Kickbacks",
  "field": "Law",
  "definition": "A form of bribery where a portion of a payment made to a person or entity is returned to another party in exchange for a favor or preferential treatment. This illicit payment is often disguised as a legitimate business expense or commission. Engaging in kickbacks is illegal and can lead to severe criminal penalties under anti-corruption laws such as the Foreign Corrupt Practices Act.",
  "url": "https://mlchart.com/terminology/law/kickbacks/"
}

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