facilitation payment
Definition
A payment made to a government official to facilitate approval of some type of business transaction or activity. In some countries, small facilitation payments are considered unofficial fees rather than bribes, but most countries do not make this distinction.
Related Articles
- Less Popular Types of Mutual Funds - Part 1 *
- Credit Fraud and How to Protect Yourself *
- What is a Credit Union? *
- Buying and Selling Bonds *
- Water Cooler Advice vs. A Financial Planner... No contest *
- Understanding Wills and Trusts *
- Common Forex Scams *
- Refinancing Your House and Reverse Mortgages *
Related Videos
http://www.businessdictionary.com/definition/facilitation-payment.html
