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LSDefine

Simple English definitions for legal terms

kickbacks

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A quick definition of kickbacks:

Kickbacks: A kickback is when someone in power or influence misuses their position to make someone else richer. This often happens when a contract is awarded to a company that didn't have the lowest bid, but the official still chooses them and gets a portion of the profits in return. This is a corrupt practice that is sometimes used by organized crime and is considered a type of bribery.

A more thorough explanation:

A kickback is a type of corruption where a person in power or influence misappropriates funds to enrich themselves or another individual, organization, or company. This is often done through a corrupt bidding scheme where the official awards a contract to a company that did not place the lowest bid. The company profits from the contract and pays the official a portion of the profits as a kickback.

Kickbacks are considered anti-competitive practices and can be traced back to organized crime. Some people also consider kickbacks to be a form of bribery.

  • An official awards a construction contract to a company that did not place the lowest bid. The company profits from the contract and pays the official a portion of the profits as a kickback.
  • A government official awards a contract to a company owned by their friend or family member, even though the company is not the most qualified or experienced for the job. The company profits from the contract and pays the official a portion of the profits as a kickback.

These examples illustrate how kickbacks can occur through corrupt bidding schemes and can result in a company profiting from a contract they may not have deserved. The official in power benefits from the kickback, which is a form of corruption.

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9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
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