GIVE BACKS Meaning and
Definition
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Give backs, also commonly spelled as "givebacks", is a term used to refer to concessions or compromises made by one party in a negotiation or agreement to meet the demands or requests of the other party. This concept mostly arises in business or labor negotiations, where both sides may have conflicting interests or demands that need to be reconciled. When one party agrees to give something back, they are essentially making a concession or compromising on certain terms, typically in exchange for the other party's agreement or acceptance.
Give backs can take various forms, such as offering reduced prices, revising contract terms, or making additional contributions to a shared initiative or cause. They are not limited to financial or material aspects but can also involve intangible elements like time, effort, or flexibility. Give backs are usually seen as a way to reach a consensus between parties that have competing interests, enabling them to find common ground and achieve a mutually beneficial outcome.
In essence, give backs involve a willingness to let go of some initial demands or positions for the sake of reaching an agreement or maintaining a harmonious relationship. They represent a form of compromise designed to build trust, foster cooperation, and facilitate successful negotiations. As such, give backs play an important role in the art of negotiation and in resolving conflicts through a balanced approach that focuses on finding middle ground and satisfying both parties involved.
Common Misspellings for GIVE BACKS
- five backs
- vive backs
- bive backs
- hive backs
- yive backs
- tive backs
- guve backs
- gjve backs
- gkve backs
- gove backs
- g9ve backs
- g8ve backs
- gice backs
- gibe backs
- gige backs
- gife backs
- givw backs
- givs backs
- givd backs
- givr backs
Etymology of GIVE BACKS
The term "give backs" is a compound word, derived from "give" and "backs". The word "give" has Middle English and Old English roots, coming from the Old English word "giefan", meaning "to bestow, grant, allow". The word "backs" is the plural form of the noun "back", which has Middle English origins from the Old English word "bæc", meaning "the rear part of the human body".
In the context of "give backs", the term is commonly used to refer to concessions or compromises given by one party in a negotiation or agreement. These concessions or compromises are typically offered in return for other favorable terms or conditions.
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