facilitating payment

facilitating payment
A minor payment made to an individual or organization in order to encourage the correct and timely performance of duties. The term facilitating payment (or expediting payment) is associated with the *Foreign Corrupt Practices Act, which distinguishes it from a *bribe. In essence, a facilitating payment is made to ensure the performance of an individual’s routine duties, and no more, while the intention of a bribe is to gain influence and procure preferential treatment. Compare *questionable payment.

Auditor's dictionary. 2014.

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  • 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.… …   Wikipedia

  • questionable payment — A potentially illegal or improper payment. Examples of improper payments include *bribes and other cash *disbursements made for *corrupt purposes. See also *facilitating payment and the *Foreign Corrupt Practices Act …   Auditor's dictionary

  • expediting payment — An alternative term for *facilitating payment …   Auditor's dictionary

  • facilitation payment — /fəsɪləˈteɪʃən peɪmənt/ (say fuhsiluh tayshuhn paymuhnt) noun an inducement offered to a government official or other powerful official in a foreign country, as by a business which is setting up an operation in that country, to streamline a… …  

  • SADAD Payment System — (SADAD) was established by the Saudi Arabian Monetary Agency (SAMA) to be the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). The core mandate for SADAD is to facilitate and… …   Wikipedia

  • Foreign Corrupt Practices Act — FCPA *Anticorruption legislation passed by the U.S. Congress in 1977. The FCPA requires U.S. corporations to maintain adequate *internal control systems throughout their international operations. The FCPA also forbids the payment of *bribes to… …   Auditor's dictionary

  • Foreign Corrupt Practices Act — The Foreign Corrupt Practices Act of 1977 (15 U.S.C. §§ 78dd 1, et seq.) is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of… …   Wikipedia

  • bribe — An improper or illegal inducement made with the intention of gaining influence over an individual or organization. Bribes can take the form of cash, assets, or services. Most legal and ethical systems forbid bribes, owing to their *corrupting… …   Auditor's dictionary

  • money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public …   Universalium

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

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