Meanings
How to pronounce "grease payment":
AU
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 Sentences
1
The construction company gave a grease payment to the local officials to speed up the permit process.
2
The politician was caught accepting a grease payment in exchange for awarding a contract to a specific company.
3
Foreign companies often have to make grease payments to government officials to facilitate business transactions in certain countries.
4
The businessman resorted to making a grease payment to expedite customs clearance for his imported goods.
5
Corrupt practices involve the use of grease payments to secure favors from officials.
