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Facilitation payment

A payment or consideration given to a government official or employee in order to get them to do what they should have done anyway. Unlike a bribe, the facilitation payment seeks no special consideration and is usually legal. See bribery.

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Fees

The amount clients pay to consultants or other service providers for the time spent delivering services. Fees may be fixed price or calculated on an hourly or daily basis. International Consulting Contract.

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Flagship store

In retail business the designation of flagship is given to a retailer’s primary location, a store in a prominent location, a chain’s largest store, the store that holds or sells the highest volume of merchandise, a retailer’s most well-known location,…

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