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Definition of giveback noun from the Oxford Advanced Learner's Dictionary

giveback

noun
 
/ˈɡɪvbæk/
 
/ˈɡɪvbæk/
(North American English)
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  1. a situation in which workers agree to accept lower wages or fewer benefits at a particular time, in return for more money or benefits later
See giveback in the Oxford Advanced American Dictionary
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