A spiff, SPIF(Sales Performance Incentive Fund) or spiv is an immediate bonus for a sale. Typically, `SPIFs` are paid, either by a manufacturer or employer, directly to a salesperson for selling a specific product. ==Origin== An early reference to a spiff can be found in a slang dictionary of 1859; `The percentage allowed by drapers to their yo...... Found on http://en.wikipedia.org/wiki/Spiff
A cash incentive, contest entry or prize given by a dealership to salespersons as motivation to sell vehicles. Found on http://www.edmunds.com/glossary/
A commission paid by a manufacturer or supplier to encourage salespeople to sell their product rather than a competitors Found on http://www.encyclo.co.uk/local/22643