Brendon Inc.required a permit to open its business in the country of Cadmia.Although it had met all the requirements for the permit,the officials concerned delayed providing Brendon Inc.with the permit.To expedite the process,the company made a payment to a customs official.Which of the following types of payments is this an example of?

Question

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The payment made by Brendon Inc. to expedite the process of obtaining the permit is an example of a facilitation payment. Facilitation payments are small bribes or payments made to officials to speed up or facilitate routine governmental actions, such as obtaining permits or processing paperwork. While facilitation payments are prohibited in some countries, they are legal and common in others, including Cadmia.