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grease payment. In DICTIOUS you will not only get to know all the dictionary meanings for the word
grease payment, but we will also tell you about its etymology, its characteristics and you will know how to say
grease payment in singular and plural. Everything you need to know about the word
grease payment you have here. The definition of the word
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English
Pronunciation
Noun
grease payment (plural grease payments)
- (chiefly US, idiomatic, business, law, 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 July 28, Peter Grier, “US curb on overseas bribes: too prim, or simply proper?”, in Christian 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" payment made to speed along normal duties (legal under the act) is unclear.
2007 October 30, Mike Rast, “Webinar Prepares Local Companies for Cultural Gaps with India, China”, in globalatlanta.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.
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