Topical Terminology  

       

Topical Terminology > Facilitating Payment



1 Definition

Facilitating Payment

For Facilitating Payment we have a term and definition in International Economics.



Facilitating Payment (International Economics)

As permitted under the U.S. Foreign Currupt Practices Act, a facilitating payment is a payment for "routine governmental action," such as obtaining permits, processing papers, providing normal government services, etc. It is, in fact, a bribe, but a small one that does not induce any illegal or exceptional behavior.




Similar

Browse words that start with:




Browse All Terms by First Letter

Term Search



Powered by Odin Assemble 2.5a