CORRUPTION GLOSSARY – K
KAKISTOCRACY – a government run by the most unscrupulous or least qualified people. The term is derived from two Greek words, kakistos (κάκιστος; worst) and kratos (κράτος; rule), literally meaning […]
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Entries by Corruption Watch
CORRUPTION GLOSSARY – I
ILLICIT FINANCIAL FLOWS – this generally involves the cross-border transfer of money earned through illegal activities, and efforts to shelter wealth from a country’s tax authorities. The sources of the […]
CORRUPTION GLOSSARY – G
GIFT GIVING – a cultural practice in many societies, by which people offer presents and favours in various circumstances according to local customs. Problems arise when gift giving to and […]
Glossary of corruption-related terms
Do you know your baksheesh from your bribery? Your cronyism from your collusion? Read our evolving glossary of terms relating to corruption to find out what they all mean.
CORRUPTION GLOSSARY – F
FACILITATION PAYMENTS – these are bribes, also called facilitating, speed or grease payments. They’re made to secure or expedite the performance of a routine or necessary action to which the […]
CORRUPTION GLOSSARY – E
EMBEZZLEMENT – when a person holding office in an institution, organisation or company dishonestly and illegally appropriates, uses or traffics the funds and goods they have been entrusted with for […]
CORRUPTION GLOSSARY – D
DEBARMENT – a company is debarred by a government or multilateral agency when it is formally prohibited from tendering for projects that the government or agency is funding (or supporting […]
CORRUPTION GLOSSARY – C
CAPITAL FLIGHT – this is money that shifts out of a country, whether legally or illegally. Illegal capital flight is intended to disappear from any record in the country of […]
CORRUPTION GLOSSARY – B
BAKSHEESH [backsheesh, bakshis] – an Arabic term for a relatively small amount of money given to a beggar or for services rendered (as to a waiter): alms, tips, gratuity, pourboire. […]