sweetheart deal


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Related to sweetheart deal: Sweetheart contract

Sweetheart Deal

A sale with exceptionally attractive terms, especially offered between persons with an ongoing business or personal relationship. A sweetheart deal may be offered, for example, to a long-time client. The term may, under some circumstances, connote corruption. See also: Fiduciary Responsibility.

sweetheart deal

A collusive, unethical transaction between two parties.
References in periodicals archive ?
In the deal, KR was compelled to lend the operator S.5 billion in a sweetheart deal without any interest on repayment, which is also swapped with services whose costs can easily be varied upwards in a case where Kenya became the lender to the Chinese company that built the railway line at over S00 billion.
"Some landlord is going to have to create a sweetheart deal. Whoever is going to be first, the rest will follow."
Ministers have strongly denied suggestions they offered the firm a sweetheart deal but have refused to publish a letter of reassurance sent to Nissan boss Carlos Ghosn.
It would appear that there is one rule for Google and another for the disabled, a sweetheart deal for a multi-national company and malnutrition for those who cannot work.
Experts had reckoned the sweetheart deal with George Osborne to pay PS130million tax for 10 years' profit was equivalent to 3 per cent.
"The way the UK calculates profit for tax purposes amounts to a sweetheart deal for multinationals."
Despite the fact that he no longer has the Canadian docks, and that other companies by law must have the right to bid, Cuomo gave Glynn a sweetheart deal and the people of New York were shorted by at least $100 million.
UK Uncut, the anti-tax avoidance campaign group, has lost (http://www.ibtimes.co.uk/articles/463293/20130501/tax-avoidance-uk-uncut-hmrc-sweetheart-deals.htm) its high court challenge to a so-called "sweetheart deal" worth [pounds sterling]10m between HMRC and investment banking giant Goldman Sachs.
In mid-January, Brookfield canceled its offer days after a group of Kerzner creditors filed a lawsuit alleging that the Canadian conglomerate negotiated a "sweetheart deal" that would negatively impact the interests of other lenders.
Travel Business Review-April 15, 2011--InterContinental Hotels Offers Sweetheart Deal for Couples(C)2011] ENPublishing - http://www.enpublishing.co.uk