Do you know what is grease money?
For easy explanation, grease money is very similar to bribe. Grease money is cash payments to oil the process to services which you are legally entitled yet sometimes unable to obtain it. However, in contrast, bribe is payments for services to which you are not entitled. Clear of the differences now?
HAH! This is to prove that my blog is informative. Learn it from my ACCA Paper P1 Governance, risk and ethics.
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