OXFORD 9000
📚 noun • entry_id 51504

grease payment

Meanings (ES + gloss)
coima
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.
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 p…
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 (leg…
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