Language: en
Meaning: (chieflyUS,idiomatic,business,law,ethics)Abribeorextortedmoney, usually relatively small in amount, provided to alow-levelgovernmentofficialor business person, in order toexpeditea businessdecision,shipment, or othertransaction, especially in a country where such payments are not unusual.1981July 28, Peter Grier, “US curb on overseas bribes: too prim, or simply proper?”, inChristian Science Monitor, 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" paymentmade to speed along normal duties (legal under the act) is unclear.2007October 30, Mike Rast, “Webinar Prepares Local Companies for Cultural Gaps with India, China”, inglobalatlanta.com, 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.
No examples available.
Validation Count: 0
Sourced from Wiktionary