Facilitating Payment

A facilitating payment is a certain type of payment to foreign officials which is not considered to be bribery according to legislations of some states as well as in the international anti-bribery conventions, e.g., coming from the OECD.

Read more about Facilitating Payment:  Dangers, Business Ethics, Organisation For Economic Co-operation and Development

Famous quotes containing the word payment:

    The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. For centuries humanity has oscillated, serenely unaware, between these two contradictory necessities.
    Simone Weil (1909–1943)