What Is the Term for a Large Sum of Money

question 130

Short Answer

What is the term for a large sum of money paid to government officials to get them to do something that is illegal or to ignore an illegal act?

---

Definitions:

365-Day Year

a calculation basis for interest that uses the actual number of days in a year, providing a more precise interest calculation compared to the ordinary interest method.

360-Day Year

A financial approximation assuming twelve 30-day months, used in calculating interest and other related computations.

Exact Simple Interest

Interest calculated precisely based on the principal amount, rate of interest, and time, without considering the effects of compounding.

365-Day Year

A term referring to the normal count of days in a calendar year, not including leap years which have 366 days.