Grease Payment Meaning

Grease Payment is an idiom. The meaning of this idiom is (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.. Explore more Idiom Meanings.

Grease Payment

(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.

Example : 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, "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.

Meaning of Grease Payment

Grease Payment is an idiom. It is one of the most commonly used expressions in English writings. Grease Payment stands for (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.. Explore Urdupoint to find out more popular Idioms and Idiom Meanings, to amplify your writings

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