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English definition of “payola”

payola

noun [C or U]
 
 
/peɪˈəʊlə/ informal
a secret payment to someone for doing something illegal in business or politics, or the act of making such payments: parliamentary payola Many organizations now have guidelines about payola, intended to prevent an employee from accepting gifts that might compromise his or her independence.
(Definition of payola from the Cambridge Business English Dictionary © Cambridge University Press)
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