Concept information
Preferred term
side payments
Definition
- When two parties involved in a transaction exchange money that is not part of the transaction itself, the exchange is a side payment. It is typically made to induce the recipient to take part in the transaction. [Source: Encyclopedia of Business Ethics and Society; Side Payments]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/side_payments
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