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English definition of “spiff”

spiff

noun [C] (also spif)
 
 
/spɪf/ informal COMMERCE
an amount of money paid by an employer or the manufacturer of a product to a sales person for selling a particular product: The company says it doesn't pay spiffs because the product is so good, they don't have to pay salespeople.
(Definition of spiff from the Cambridge Business English Dictionary © Cambridge University Press)
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