grease payment
Noun
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Noun
grease payment (plural grease payments)
- (chiefly, US, idiomatic, business, legal, ethics) A bribe or extorted money, usually relatively small in amount, provided to a low-level government official or business person, in order to expedite a business decision, shipment, or other transaction, especially in a country where such payments are not unusual.
- 1981, Peter Grier, "US curb on overseas bribes: too prim, or simply proper? ↗," Christian Science Monitor, 28 Jul. (retrieved 9 Apr. 2009):
- Critics say there is no distinction between extortion and bribery, and that the distinction between a payoff (illegal) and a "grease" payment made to speed along normal duties (legal under the act) is unclear.
- 2007, Mike Rast, "[https://web.archive.org/web/20090710023207/http://stories.globalatlanta.com/2007stories/015551.html Webinar Prepares Local Companies for Cultural Gaps with India, China]," globalatlanta.com, 30 Oct. (retrieved 9 Apr. 2009):
- An important legal distinction is the difference between bribery and “grease payments,” which are paid in these countries not to affect someone’s decision-making but to speed the process of dealing with government.
- 1981, Peter Grier, "US curb on overseas bribes: too prim, or simply proper? ↗," Christian Science Monitor, 28 Jul. (retrieved 9 Apr. 2009):
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.002