Bribe

(redirected from bribery)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Bribe

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. Bribery is a crime and a form of corruption. It is possible (and in many places common) in both the government and the private sector.
References in periodicals archive ?
OFFICE ON DRUGS AND CRIME, United Nations Convention Against Bribery, http://www.
2 WHO observes that alleged unethical practices in the medicines supply chain can take many forms, such a falsification of evidence, mismanagement of conflict of interest or bribery.
Has your company experienced previous incidents of bribery and corruption?
Bribery Act, the only way it can avoid penalties is to prove that it had "adequate procedures" in place to prevent the crime.
Compliance with the Bribery Act is a key area which will need to be taken into account by prospective buyers in the context of acquisitions as there are significant risks for a buyer acquiring a company or business which has potentially been involved in corrupt practices.
Just like the guidance, the SFO has stated that hospitality and promotional expenditure that is reasonable, proportionate and made in good faith is an established and important part of doing business and the Bribery Act does not seek to penalise it.
Bribery Act which came into force on July 1 is an important step in Britain's efforts to combat Bribery.
This postponed the effective date of the Bribery Act from April to July.
companies can't afford to ignore the Bribery Act and that it's important to look beyond the Foreign Corrupt Practices Act (FCPA).
Failure of a commercial organization to prevent bribery committed on its behalf is also now criminal.
France and Norway had the cleanest slates, although two thirds of the 2,365 people quizzed across 25 European countries agreed that bribery and corruption was widespread on their turf - and nearly half were unaware of any company anti-bribery policy.
Professionals and companies may not give the subject of bribery that much thought.