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facilitating payment
A facilitating (or facilitation) payment is a payment for "routine governmental action," such as providing normal government services. It is, in fact, a bribe, but a small one that does not induce illegal or exceptional behavior. Making such a payment abroad is legal for U. S. Firms under the Foreign Corrupt Practices Act, but not for U. K. Or German firms, and it is also illegal in many countries where payments are made.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- Noroc
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