Definition Of Bribery In Finance

To give money or some other compensation to another party so that party will violate rules.

Definition of bribery in finance. Bribery is the giving of gifts in order to influence the conduct of the recipient. With regard to governmental operations essentially bribery is corrupt solicitation acceptance or transfer of value in exchange for official action gifts of money or other items of value which are otherwise available to everyone on an equivalent basis and not for dishonest purposes. The bribe itself is the gift of money or other assets given on the basis that the recipient will act in a certain way that is contrary to what he would do in ordinary circumstances. Bribery is typically considered illegal and can be punishable by jail time or stiff fines if authorities find out about the bribe.

Bribery is a crime and a form of corruption. To give money or some other compensation to another party so that party will violate rules. For example a restaurant owner may offer a bribe to a health inspector so he she will overlook a restaurant s violation of the city s health code. Use bribery in a sentence.

For example a restaurant owner may offer a bribe to a health inspector so he she will overlook a restaurant s violation of the city s health code. Bribery is a crime and a form of corruption. Bribes are often made to. The act of taking or receiving something with the intention of influencing the recipient in some way favorable to the party providing the bribe.

Bribery is a crime that occurs when a person offers gives receives or accepts something of value in exchange for influence over or alteration of another person s behavior. Bribery includes paying to get government contracts cutting the roads commissioner in for a secret percentage of the profit giving a bottle of liquor to a building inspector to ignore a violation or grant a permit or selling stock to a congressman at a cut rate price. A bribe is an illegal act involving the exchange of a desired item or service of value such as money with the purpose of influencing the behavior of public officials.