Payments to Foreign Officials Made in Connection with Expediting Lawful

question 38

True/False

Payments to foreign officials made in connection with expediting lawful customs clearances and obtaining the issuance of entry or exit visas are considered bribes under the Foreign Corrupt Practices Act.

---

Definitions:

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

In-The-Money

A term describing an option contract that has intrinsic value, meaning it would be profitable to exercise the option immediately.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a specified time period.

Stock Price

The current market price at which a share of stock can be bought or sold.