giveback Meaning in the Cambridge English Dictionary
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Meaning of “giveback” in the English Dictionary

"giveback" in Business English

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givebacknoun [C]

uk   us   /ˈɡɪvbæk/ HR, FINANCE
a ​reduction in ​employees’ ​pay when a ​business is having problems, usually made on the ​agreement that ​pay will be ​increased again when ​businessimproves: The giveback was ​voluntary and each ​individual was ​free to make the decision ​based on his or her own ​personalsituation.
(Definition of giveback from the Cambridge Business English Dictionary © Cambridge University Press)
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