secret rebate
A kickback of money by a business to a "preferred" customer, not offered to the public, or by a subcontractor to a contractor, but not shown on a job estimate. Both practices 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.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

secret rebate
n.
   a kickback 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 also: rebate

Law dictionary. . 2013.

Look at other dictionaries:

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