Tuesday, March 18, 2014

Term of the Day: Facilitating Payment



March 18, 2014
Facilitating Payment
A financial payment that may constitute a bribe and that is made with the intention of expediting an administrative process. A facilitating payment is a payment made to a public or government official that acts as incentive for the official to complete some action or process expeditiously, to the benefit of the party making the payment. In general, a facilitating payment is made to smooth the progress of a service to which the payer is legally entitled, without making such a payment. In some countries, these payments are considered normal, whereas in other countries, facilitating payments are prohibited by law and considered bribes. Also called facilitation payments.
Investopedia Says:
Generally, facilitating payments are demanded by low-level, low-income officials in exchange for providing a service...Learn more
Share:
The Biggest Bribe Cases In Business History
Paying foreign officials for expediting legal processes or obtaining contracts was a common business practice...
Share:
The Differences Between Bribery And Lobbying
Critics of lobbying suggest that it's bribery in a suit. A bribe giver usually gives an offer of money...
Share:
Public Pensions, Managers Falsify Investment Returns
The Ohio Bureau of Workers' Compensation (BWC) fund provides coverage for workplace...
Share:
Lobbying: K Street's Influence On Wall Street
Author Donald E. deKieffer of "A Citizen's Guide to Lobbying Congress" (2007) notes, "there is not an American today...
Share:
Early Monopolies: Conquest And Corruption
Monopoly, or the exclusive control of a commodity, market or means of production, is an integral part of history. In a monopoly, all the power...
Share:
Money And Politics
The marriage of money with politics in the U.S. traces back to the colonial days. In 1759, George Washington employed rum punch, money...
Share:
**NEW** Subscription Services:
Income Investing subscribe now!
ETF Investing subscribe now!
Commodities Trading subscribe now!
Options Trading subscribe now!
Futures Trading subscribe now!
Subscription Services:
Investing Basics subscribe now!
Warren Buffett Watch subscribe now!
Forex Weekly subscribe now!
Professionals In The Money subscribe now!
Chart Advisor subscribe now!
Stock Watch Weekly subscribe now!
Personal Finance subscribe now!
News To Use subscribe now!
Related Slideshows:
1. 5 Celebrities Who Went Bankrupt
2. 5 Businesses That Started During A Recession
3. Biggest Acquisition Failures Of All Time
4. Odd Items That Are Stolen Frequently
5. 5 Famous Discontinued And Uncommon U.S. Currency Denominations
Related FAQs:
1. When buying a car, is it better to have a trade in or a down payment?
2. Is it a good idea to buy mutual funds from banks?
3. What should you do when you're five years from retiring?
4. Why do some companies pay a dividend, while other companies do not?
5. What are the differences between a 401K and an IRA?
Videos More Videos »
Veblen Good Price Elasticity of Demand Consumer Confidence Index Income Investing Short Squeeze
You are currently subscribed as:
Unsubscribe | Manage Subscriptions | Subscribe
Investopedia.com A Division of Valueclick, Inc.
Copyright © 2014 All Rights Reserved
Follow us on: Social Sharing Social Sharing Social Sharing Social Sharing

No comments:

Post a Comment