Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Secret rebate

Read a random definition: registered voter

A quick definition of Secret rebate:

Secret rebate: A secret rebate is when someone gets a special deal that nobody else knows about. This is against the law in most places because it's not fair to other people who might want the same deal. It can cause problems for businesses and can even lead to getting in trouble with the law. Sometimes, secret rebates can also break tax and reporting laws.

A more thorough explanation:

Definition: A secret rebate is a type of illegal kickback that violates unfair competition laws in most states. It involves offering special benefits, discounts, or rebates to specific customers, suppliers, or contractors that are hidden from the public and not available to others. Secret rebates can harm trade in various ways and can lead to civil and criminal convictions. Depending on the type of secret rebate, it can also violate tax and reporting laws.

  • A supplier offers a contractor a 10% discount on all future orders if they agree to use their products exclusively. This discount is not offered to any other contractors and is not disclosed to the public.
  • A car dealership offers a customer a $500 rebate if they agree to give the dealership a positive review online. This rebate is not offered to any other customers and is not disclosed to the public.

These examples illustrate how secret rebates can be used to unfairly benefit specific individuals or companies while harming competition. By offering exclusive discounts or benefits, the supplier or dealership is able to gain an unfair advantage over their competitors. Additionally, by keeping these rebates secret, they are able to avoid scrutiny and potential legal consequences.

secondary offering | Secret warranty program

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.