kickbacks

Kickbacks refer to illicit payments made to someone in return for facilitating a deal or transaction. In a business context, this often involves a person receiving a portion of the profits or fees from a transaction as a reward for directing business toward a particular company or individual. The practice is typically secretive and can lead to conflicts of interest, undermining fair competition and ethical standards. Kickbacks are illegal in many jurisdictions, particularly in public contracting and procurement, as they violate principles of transparency and integrity in business dealings.