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Finance Dictionary and Glossary of Investment Terms
In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper.In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.
An illegal, secret payment made in return for a referral which resulted in a transaction or contract.
A slang term used to describe the payment of something of value to another individual with the goal of persuading or influencing their decision or performance in certain situations.